When the valve floats it's in the way of the piston even with mild cams. The piston touchs the valve and it's not dead on straight. The piston bends the valve and it woundnt close. The piston comes up again and brakes the vavle in 2. The loose piece ( the valve head ) now roams around the cylinder for three or more more cycles or until it has bent the rod , broken the piston , Cylinder wall is cracked and the rod comes off the jammed ,destroyed piston and roatates around the crank case till it puts a hole in the block. all in about 1 second before the engine can stop. I'll bet that a weak spring which can be measured is the cullprit. Ultimately rpm higher than the vavle spring float rating.