The explanation I was given is:
1. If the valves and seats are correctly ground on high quality machines, the finish is as good as it's going to get. We take valves out of the box and seat them directly in the new guide and seat. We then pull a vacuum and 99% of the time it holds 30" and it's good to go. The 1% which don't hold full vacuum, we use marking dye to find the problem and usually it's the valve isn't concentric. A touch on the valve refacer and it is corrected.
2. It's almost impossible to remove all the lapping compound. Some remains in the pores of the valve and seat and continue to eat at the surfaces.
Your engine, your build, your decision. Just do the homework and see what the majority of the pros do. I decided lapping compound had no place in my valve jobs.