Hello Erick and Vince,
Well the problem is not what to replace but where to stop? If you install new ball studs what about the worn sockets in the rocker arm? If you replace the rocker arms with new, then what about the slight wear on the camshaft against the new rocker arms? Well may as well replace the camshaft and cam bearings also? Two thousand dollars latter........
My advice is save your money and new parts for the head reconditioning or engine rebuild down the road if possible. During these kinds of major repairs you will be trying to illiminate as much wear as possible and replacing a lot of parts with new makes more sense.
The crown is wear and is not symetrical so adjustments on a crowned ball stud may not be accurate or lasting. However doing a flat top "grind" on the ball studs will remove the crown and enable an accurate and lasting valve adjustment.
Joe Alexander
Blacklick, Ohio