1 mm larger valve can be run on the stock seats, depending on engine usage and valve job dimensions. That is the maximum allowable size. More that this will place the valve seat into the aluminum of the head. My suggestion is that you consider if your airflow demand to reach the desired power level requires a larger valve. Just putting a larger valve in without the proper port work to the intake runner and valve bowl will reduce airflow. The air will now have a larger obstruction (the valve head) it must get around to enter the combustion chamber.Unshrouding the valve will benafit any cylinder head. Even more so if bigger valves are fitted as this places the edge of the valve closer to the quench area or squish pads of the cylinder head due to it's physicaly large size now.
As far as 4.6 and 5.4 engines go the cylinder bore dimensions are the same as is the cylinder head and valve design. Now i'm not talking about the specifics of combustion camber volumes, compression, intake volumes. So what applies to a 4.6 for valve size requirements, also appiles to a 5.4.
1000hp can be obtained using stock dimension valves diameters depending on engine configuration. So airflow requirement will determine if largers valves are needed, and only if the cylinder head will flow the extra air volume to support this, not how much power.
As far as being cheap insureance as stated above, it is not cheap. you need to determine if you indeed realy need this level of modification. The old seats must be removed by a machine shop, then the seat register enlarged. The seat material you are after is berllynium along with bronze manganese valve guides. Most machine shops do not have the proper cutters and reems to handle these materials. It generly requires a diamond hone. One the parts cost $4.00 per guide x 32. $6.00 per seat x 32=$320.00 in parts. When I had mine done, machine shop rate was $10.00 per guide and I don't remeber cost to do the seats, but the valve job cost more due to the harder seat material. Start adding this up and you can see that to this modification properly is getting very costly.
I am not tring to discourage you from anything just inform. Changing parts just because can some times be detrimental to the ultimate goal.