Lead in fuel does nothing but lubricate the valves. Period. No More, its there for the valve train.
Excuse me, but there are only so may higher order "tanes" in a barrel of oil. hexanes, heptanes, octanes, nonanes, decanes, and so on. Each one contributes just a little to the way fuel burns. We have chosen "octane" as our standard, and have designed our engines around a particular "octane" mix. In WWII we needed engines more powerful than those currently available, but found that even with perfect "octane" at 100% the damned things would suffer detonation (explosion of the gasoline in the cylinders as opposed to burning) and trash pistons et al.
Somebody (in England???) found that adding traces of tetraethyl lead to the gasoline boosted the "octane" rating WAY UP, compared to the amount of TEL per gallon, and thus we could get "octane" ratings of 115 and 145 to power these high-compression motors.
The gasoline industry latched onto TEL like a godsend from heaven, and in the 50s and 60s, not only avgas but cargas had TEL added to it because it was WAY cheaper to produce low octane gas and goose it up with TEL than to produce pure high octane gasoline.
Then folks found out that there was a fairly significant lead contamination in the atmosphere and we started backing off of using TEL, to the point where it was prohibited in mogas.
Regular 100 avgas (green gas) had about 4 ml/gallon (forgive the mixed measurement system) and 80 avgas had a MAXIMUM of 1 ml/gallon and most 80 had zero TEL. Then somebody got the bright idea that we ought to have only ONE grade of avgas (may their souls fry in eternal hell) and we are now at 100LL, which has 2 ml/gallon of TEL. Problem is there is only ONE supplier of TEL in the world, and if they ever shut down we are totally screwed for our avgas. WIth the exception of the fleet that can burn 80 unleaded out of the auto pumps.
Lead has nothing to do with lubricating the valves. As a matter of fact, they have more to do with STICKING the valves than with lubricating them.
Jim