The secret to conbustion containment is first a flat head, and block, the . 041 stainless steel o ring is more then enough to hold if done right, the fire rings are nothing more then a last ditch attempted to hold in the unstoppable force.
The proper way is use a mill to locate and cut the o ring grove, even in a mill you still have to relevel the head, because of the length and weight. The wire to use is . 041 ss, it needs to protrude out of the block . 012. Since I have been doing diesels, Ray Little at RAYMAC racing engines has been doing quite a few diesels from all over the country, along with springs and port work, we have look at o ring jobs done on a few heads, and the wire very in protrusion over . 010 this will make it difficult to seal, and is probably the problem in some people thinking a o ring is not enough
Basic o- ring which includes decking the head is around $ 500
A 24 valve with a full port job, decked with o rings installed, and the trick valve springs and titanium retainers set up correctly will run about $2800 the springs are not the cheep E brake springs but a very trick, this spring is a must if you are going to run any boost over 60 psi . Remember, it takes a good spring to keep the valve closed under boost or drive pressure.
Ray and I have been doing a lot of high end development work of the 24 valve. We have been working on our new intake manifold and it looks like it is going to be a big plus in the power department. This motor is no different then the Pro Stock motor or NASCAR motors that ray is use to working on his number is 817 477 0682