.060" is a mild shave. Zero deck the block and take about 0.85" off the head is a good number, assuming the head hasn't already been milled. Your best bet is to CC and set it up for the compression ratio you are looking for.

In the car valve jobs were the norm back in the day, heck guys used to do them on the weekend in their garage and drive to work Monday.

Yes, they are heavy, which is yet another reason I like my new head, it's aluminum.