is there a stem in the way of the flow
The valves I sell are .260" bore.
The stem that you see at the end of the top hat is buried in the poppet. The next thing the air sees when the valve opens are the two holes. Which, since his are on an angled surface, could have a combined area greater than the id of the top hat bore. The spring perch is trick also. This is beautiful work. The original factory valve is simply cross drilled. Though that looks like an old version factory valve. There is a new, high flow valve which has a different poppet and top hat. The other possible tight spot in the design could be the space between the inlet bore that the poppet moves back into, and the poppet od. But this looks to be more than generous also.
All my valves are custom made. Not a modified valve. The valve in the picture is a .308 valve. It is a lot different from a AF valve.