Porting and polishing is commonly done on race-car engines. The theory is that smoothing the flow, and reducing "back pressures" or "intake resistance" by polishing and straightening out the flow patterns of intakes and exhausts is beneficial to obtaining maximum horsepower/performance.
The problem with doing this to aircraft engines, in my opinion, is that our cylinders are made of steel barrels threaded into aluminum heads with a certain amount of mass to them which defends against cracking. If ever you've had to do a cylinder repair/top-overhaul and been shown and told your cylinder is condemned due to cracking...and seen that the very place they crack is in the area of these valve ports...you'll likely see the merit of not reducing the wall-thickness of the ports. Thinner walls will be less capable of absorbing and dissipating heat and will be more likely to suffer cracks.
Then there's the OEM or original manufacturer of the engines opinion, which historically has been that such modifications are unnecessary and marginalizes the engine. The engine as originally designed and certificated meets the horsepower and performance certification and documentation of the airframe/engine combination. Such additional monies are monies well squandered for such minimal gains and reduced reliability.
This reminds me of the "designer engines" syndrome that some shops offer. For regular price, you can buy the officially certified and approved overhaul for your engine which meets all the mfr and FAA requirements and expectations. But for more money you can get one painted
RED or
GOLD or
GLOSS-BLACK and they'll be SUPER-engines. Yeah. Sure. You see 'em most frequently on doctor/lawyer Bonanzas.
"...vanity and all the crimes it leads to..." (Can you spell "sucker"?)
My two cents wasted?