Hey Rusty, Would you mind maybe finding me a link to one similar? The regular c clamp ones just seem like there missing something. There has to be one out there that is kinda designed for this bucket style. I do enough bike work that a proper valve spring compressor would be golden!
http://m.summitracing.com/parts/otc-4572
It's a C clamp style that's screw adjustable on both ends with a vise grip style release lever. Once it's adjusted properly you can use the lever to partially compress and then complete the compression with the T handle.
The collet is reversible to fit different size valve retainers.
The face of the collett is concave so it mostly will stay centered on the valve retainer which is convex.
There is no inherent protection for the bucket walls other than using it carefully and properly, and in my research I never found one that had that feature and don't think it exists. I had no issues in that regard. But I like the film canister idea.
This one worked fine for me and I had no problems with it after getting the hang of how to use it.
The toughest part of the job is trying to get the keepers to stay put after placing them and when letting pressure off.
A little oil on the keepers helps them stay put.
It actually goes better if you use the t handle on the valve face end to gradually release it rather "all at once" with the release lever.
The end that goes on the valve face is just small enough to fit our exhaust valves, and has no self centering feature so you gotta make sure it's centered on the valve face when using it, a blunt tip would have been better but might damage the stellite coating on the valve if you did any adjustment from that end while under pressure.
Don't forget to give the valve stem tips a whack with with a brass drift and a small mallet to make sure the keepers are fully seated, I'd put a rag over it while doing this to make sure you don't lose parts if it does let go and goes flying. You also want to elevate the head a little while doing this so as not to smack the valve against your workbench.