Wow you do get online once in awhile, been far and few between lately!!!
Seems like it would be very acceptable to me. If the clearance turn out to be close, then you might want to recheck with the gasket installed.
I calculated my clearance to be .133/.160 (Intake/Exhaust) and my check with clay seems to bear out my numbers. I have lift number of .562/.567.
It is completely possible with lower lift numbers, but have closer PTVC, proceed at your own risk!!!
But if you are right on the limit, then I would be inclined to check with a gasket.