Valve lash will increase over time due to wear.. Adjust them cold, and more to the tight end of the range.. As the motor warms up, the clearance will increase slightly as metal expands. Magnetic plugs will pick up any tiny wear fragments and if more than a very small amount of the finest steel "dust" could give you an early warning of a component failing; but at a price of $60, not worth it in my opinion.. You could check for wear by passing a small magnet through the spent oil when doing a regular oil change a lot cheaper and pretty much as effectively as using magnetized plugs. Sorry , I can't advise on which cover is over the intake or exhaust valves.