Did this just start after the valve job? From what I've read so far the problem has to be with something you have changed since the valve job. Did you happen to change heat ratings on the plugs? Try colder ones. Are you sure the head gasket did not hang into the combustion chamber? Something is glowing in there, plug electrode, part of the gasket, something. I don't think the cam would cause this problem unless the overlap was really small, like zero!
Joe