Stan
In spite of what I said earlier, it is hotter than blazes in Florida, and my shop air conditioner can't keep up with the afternoon heat when the shop roof looses the shade of the big laurel tree on the south of the shop, so I will entertain myself by thinking about this engine and valve. Here are a couple of other thoughts.
When you send air directly to the cylinder through the face port, you get 120° of rotation. You should get very close to 180° of action. The force may be smaller at each end of the range due to con rod angle but with no resistance, air at the top of the cyl, force should kick in just past TDC and should drive the piston all the way to BDC. True, in a 3 cyl engine, each cyl is only responsible for only 120° but they all operate closer to 180° with some about 60° of overlap.
I found it very difficult to get this valve to operate reliably with a face groove and instead came to rely on flat valve faces and a very close fit on the opposite valve faces with the valve face and cover, lapping to final size as you have done.
I also prefer to use a lighter viscosity oil and generally use 10wt or lower. There is almost no load on these faces and 10wt gives better coverage and penetration between the faces.
Don't overlook air leak at the valve cover joint. Oiled paper works just fine. You can lap the valve to a tight fit and then add the gasket at assembly to provide clearance.
If you have to make the valve body again, I would leave the inside diameter slightly under and the outside diameter slightly over. This might rob some power at TDC as it will cause the valve to open slightly past TDC but the improvement in performance of eliminating air leaking over to the exhaust side of the valve face through the incompletely closed port will be beneficial.
While you have the paper and scissors out, you might think about a paper head gasket as well.
Another place to check is piston blow by which is very easy with a single acting acting cylinder and a closed crankcase. Just put your finger over the breather and apply air to one of the clinders. Any pressure in the crankcase has blown by the piston. If it is much, you may need to add O-rings to the pistons. You may find that
plugging the breather hole or restricting it will allow the engine to run but I would only do this as a test and at low pressure.
In my experience, a loose engine is a smooth engine. There is no oil circulation and no oil filter. I generally like to leave bearing caps just snug during run in with plenty of oil. Flipping the flywheel with a finger should get at least three full revolutions before stopping. I am happy to see contaminated oil flowing from the bushings. I like to put a tachometer on the engine and watch for speed changes as I snug up the bearing caps. If I can stop the engine by doing this, it is time to look at the shaft alignment.
This turned out to be longer than I had planned but it is really hot outside.
Jerry