Howdy Cory:
I noticed you're in Hemet. We winter there at the Golden Village Palms RV complex. I'll have to keep an eye out for you cruising Florida.
To further respond to your questions about your nos head;
Q- "What type of prep work do I need to do on the head before installation?"
A- You would be wise to have the head inspected by a valve machinist to ensure that the seats are correctly angled, the deck surface is flat, and the chamber volumes are correct for the year
Q- "Should I have to adjust the valves?"
A- If by adjusting the valves, you mean depth of seat, or seat angles, or... Again, the answer is yes. Even with new stuff, it is best to not assume anything. IT will be easier and cheaper to check it out now and be sure rather than later. You may guess that I don't have much faith is a factory valve job. This New-in-the-box head may be a "Service Replacement" which doesn't generate any more confidence.
Q- Or can I just bolt it on and go about my way?
A- As rbohm said, "yes", you can "just bolt it on", but that would not be best. The issue of replacement head gasket thickness should be addressed in the change over. That would entail disassemble for milling and a perfect time to assess valves and seats.
A couple of questions- What is the casting code on the new head? What is your intent? Stock? Improved performance?
For example, The stock head gasket is a steel shim type @ .025" thickness. A stock '67 has a rated CR of 9.2:1 with 52 cc combustion chambers. Steel shim head gaskets are no longer available. The composite type replacement gasket is .045" to .055" thick depending on maker. The new gasket does not require any sealer and still they seal much better than the steel gasket. To maintain stock CR a head must be milled the difference of thickness.
Akt a new stock head will likely have a single 45 degree angle on the seat and the valve face. A performance valve job will have at least a three angle seat and have a second angle of 30 degrees on the valve. This is known as a back-cutting the valve. These steps will make a difference in how well your engine can breathe.
Again, it will be cheaper and easier to do these steps now, while the head is off, than later. Once you have the head ready and valve job gasket set on hand you'll be ready for an afternoon adventure. FYI, the valve job gasket set will have new valve stem seal- also a good freshening on an old nos head. Who knows the age of the seals on the head. Rubber drys out in time, so I'd replace them as cheap insurance.
Where is you find a NOS head? Keep the info coming.
Adios, David