You have dedicated intake valves and dedicated exhaust valves, they only flow one way.
The only engines i've ever heard of that can have only 1 valve per cylinder are large 2-stroke diesels. They're 2-stroke with exhaust valves. Most of these kind of engines actually have 2-4 exhaust valves.
It's all about "proprietry valve area", ie the size of the valves. The bigger the valve area, the higher the flow capacity and the more power potential as you can cram more air/fuel mix into the cylinder.
Example of valve area:
2-valve per cylinder:
4-valve per cylinder:
5-valve per cylinder:
You get 3-valve per cylinder too, but who cares..
Aaaaaaaaaaaaaaanyway, if you're going to the trouble of swapping an engine, you're better off putting an HGT engine in, instead of doing a 1.2 8v to 16v swap.