We install intake seats in Y heads quite often. Hey, they're 50 years old and most have been butched. Ford intentionally sunk the vavle job and then 2 more guys likely did valve jobs during the heads life time.Some shops will get nervous but we use 2.060" OD, 1.687" ID intake seats and 1.6875" OD exhaust seats. Exhaust seats should be 1.3125" ID. Both are .250" deep.
If you're interested in performance don't let the shop use seats that have an inside diameter of more than 88 percent of the valve diameter.
Probable cost $200.00-275.00. If the heads aren't cracked probably better than starting over. The next set might need the same work.