Re: 1985 Mercury Black Max - Reed Valves
I don't think they are stainless. For one thing, most stainless steels work harden and get brittle when flexed repeatedly.
They don't break very often, but when they do, they don't digest very well and usually do some serious damage before they get to the exhaust chest.
The best way to check them is to pull the whole durned reed plate and look at them. If you're that serious about engine tune, you already have the carbs off. It's one more gasket and a dozen bolts to get the reed plate off.
While the steel reeds are really tough, the aluminum reed blocks wear with age and the reed sealing at slow speeds can make idle uneven and irregular. Steel reeds take quite a bit more pressure to open than fiberglass reeds, and that contributes to the uneven or ragged idle.
I removed the 20 year old steel reeds from my XR4, hand lapped the reed blocks flat, and installed a set of Chris Carson sport reeds. I'm really amazed at how nice this thing runs, especially at idle and just off idle. It was always a little ragged and loaded up in a short time. Now it acts like it's supposed to. As always it runs like a scalded dog at WOT.