My concern would be the oil on the back side of the valve head. Those titanium valves get very hot and you would have a build up of deposits over time and that causes the valve to retain heat which is not what you want. It would most definitely have no lubricating effect on the exhaust valve as the oil would be burning. I think what you will notice most is a loss of performance due to the slowing of burn of your charge. Overall any results you get from this will most likely not be what you want. My two cents.
Kev
Kinda digging up an old thread but here's my experience:
I had a '99 Sportster that routed all of the crankcase vapor straight back into the intake, not the air filter. I tore the engine down with only 11,000 miles on it and was shocked. The exhaust valves were gummed up pretty badly and the seats were pitted. What was shocking was that the exhaust port itself was blocked by about 10%! All of that oil vapor cooked itself to the port walls and really hurt breathing.
As it was pointed out earlier, the amount of the stem that is exposed to the intake charge is minimal compared to the risk of damage.
YMMV........