Hey MX,
A bit of a chicken and egg senario here [IMHO].
I would first measure the clearance between the valves and the piston [using putty and sliver solder]. After careful measurement if there isn't enough clearance I would measure the thickness of the piston crown.
Other more knowledgeable OzVMXers can probably tell you the minimum clearance numbers for your engine. But I think you need to know the extent of the problem first…
Good luck
VMX42