Re: lapping compound?
Personally, I find 'valve lapping compound' way too coarse. Even the "two part" kit that has both "coarse" and "fine" are in the area of 125 grit and 230-250 grit.
Myself, for anything to do with firearms, I prefer to finish off with 600 grit at least, and sometimes go up to 1000.
I haven't seen an auto-parts store that carries anything near that. Order special for you, maybe. But haven't seen anything like that on the shelves.
Now specifically, there was a thread about this, that C. Dixon was involved in with some really good information. I suggest a bit of searching, as it IS here.... somewhere. Sorry but I forget where.