Howdy Jim:
That's is exactly what I did back in 2000 when I had my 250 engine built. A couple of things to note; (!.) That was prior to Classic Inline and easy availability of 1.5" SSI valves. If I were to do a head today, I'd use the 1.5" SS exhaust valves from Mike. A set of 144 vavles were hard to find in 2,000. Probably harder to find today and more expensive. (2) I have had no trouble with the 144 intake valves used as exhaust valves. One old engine builder commented, "Valves are valves. They don't know if they are exhaust or intake. They're just valves." I suspect that in extreme duty special valve material may be tougher, but in our engines it doesn't seem to matter. At least, so far. (3) depending on the head you are using, induction hardened seats got better and the hardening process got deeper, so you may not have to add a hardened seat. FYI going from a stock 1.38" valve to a 1.50" will only increase the radius by about .060". For a '78 and later casting I'd guess fine. For anything earlier, I'd check.
I should have ask first, what is the intended use for this engine? IF it will see alot of abuse then hardened seats are a good investment. If it will be a weekend toy, hardened seats won't be much of an issue.
Hope that is what you needed. Keep us posted on your process.
Adios, David