My Manual, which is for Ford Vans 61' - 86', shows the 1963 - 170 engine having Valve Clearance of .018 for both the intake & exhaust! I would think that your 170 engine would not be any different than the engines in the vans! Below is the step by step procedure for valve "ADJUSTMENT" on the 144, 170 6 Cyl. (Solid Lifters)
1. Start the engine and let it run until it has reached operating temperature.
2. Remove the valve cover and gasket.
3.With the engine idling, adjust the valve lash using a step-type feeler gauge. This type of feeler gauge is sometimes more commonly known as a "go-no go" type feeler gauge. The proper clearance is reached when the smaller step on the gauge blade will pass through the gap while the larger step on the same blade will not pass throuht the gap.
Pass the proper size gauge blade between the valve stem and the rocker arm. If the clearance is corrct, move on to the next valve. If the clearance is in need of adjustment, turn the adjusting screw on the opposite end of the rocker arm with a wrench until the proper clearance is reached. Turn the screw clockwise to decrease the clearance and counterclockwise to increase the clearance. Use the procedure for all of the valves.
Install the valve cover after finished adjusting the valves.
Hope this helps anyone who has not adjusted their valves before! Jim
P.S. My Manual also makes this NOTE: While all valve adjustments must be made as accurately as possible, it is better to have the valve adjustment slightly loose than slightly tight as a burned valve may result from overly tight adjustments.
So La Gastra, I don't know if your mechanic's adjusting the valves to .016 instead of .018 is such a good thing??? Maybe somebody else that knows more on this matter can weigh in!