I have actually never built a mild N/A B234 engine but I know of people that use them in endurance racing. There are lots of good camshafts available from different companies here in Sweden and I guess also from RSI in the US. I am waiting for a rotating assembly from RSI for a 16 valve N/A build with a stroker crank that I am going to build. I have built several mild turbo engines and it is very easy to reach 500hp. My work is mostly doing cylinder heads and manifolds and the 16V head is easy to upgrade. Very little needs to be done on the exhaust side and even for a 1300 hp turbo build the stock exhaust valve size is sufficient.
This car uses 39mm intake and 32mm exhaust valves with very mild porting:
http://www.youtube.com/watch?v=WTFJxAcwhEM&feature=player_embedded
http://www.youtube.com/watch?v=qhW7ozV7Alo&feature=player_embedded
Pictures of one of his heads are here:
http://www.topplocksverkstan.se/volvo16v Turbotopp.html
When porting a 234 for up to 300 N/A hp 36mm intake and stock size exhaust valves are enough. The 36mm intake valves fit in the stock valve seats inserts but for bigger valves the inserts have to be replaced with bigger ones. With stainless valves I always put in bronze valve guides. I have used manifolds from the Swedish company Unik Racing:
http://www.unikracing.com/valj-kategori/volvo
Headers are available from several sources or we build our own.
One thing of interest for you that we have going on the S?varturbo forum is a competition for who can build the highest hp 230 engine with a modified 531 head and stock block:
http://forum.savarturbo.se/viewtopic.php?f=27&t=62868
If you have any questions I will do my best to answer them or direct you to someone who can.
Erland