You don't need to cut the seats at all. just run a different spring and retainer set to provide for the extra clearance. I used to run comp 26918 springs and 787 (I think thats the PN) retainers on stock L31 heads with my ZZ4 cam (which has .510 exhaust lift), and I never had any problems. the 26918/787 springs will provide room for around .550 lift. I've also heard of people using LT4 springs, and others but I don't know what combos are needed for those to work properly. the LT1 and LT4 cams don't come close to the ~.550 lift limit, so I see no reason you would need to cut your seats at all.
and as far as the pushrods go, every setup will vary and no one will be able to tell you for sure if the stock pushrods would be okay on a different cam or not over the internet. if you want long valvetrain life, you NEED to measure to get the correct length. get a pushrod measuring tool, and find out what size it needs after that cam is installed.