unless you do a lot of off-road stuff 35,000 is a bit excessive. i reckon 3 years or 50K os a bit more sensible.
if it breaks it won't trash the engine, the valves go straight up and the only thing that gets damaged is the pushrods, which will bend if a piston touches a valve. the pushrods are only about £3 each though, and i think the most you can bend is four, unless you are realy unlucky...