No, the valves are not light weight despite the 5/16" stem. They are very long, over 3/4" longer than a stock valve, because the ports are so tall. I have some test valves here that need the heads machined down to fit, and they will give an idea of weights. The intake valves I have here weigh 154 grams, exhausts 126 grams. The intake valve has a 2.350" head diameter, so they will lose a bit of weight when they are cut down to 2.300" or 2.250", but not that much. Hollow stem on the intake would only save 10% of the weight, and the cost adder is 60%. Exhaust valve head is 1.800", and will get cut down to 1.700" or less, but again not a big weight savings there. And again a 60% premium to lose an additional 14-15 grams.
For comparison, a stock 1.65" 428CJ exhaust valve with 3/8" stem weighs 122 grams, and a stock 428CJ intake valve with a 2.09" head weighs 136 grams. By the time the valves are cut down to fit, I'm guessing that the exhaust valve for my heads will weigh just a bit less than a stock valve, and the intake valve will weigh 10 grams more than a stock valve.
It looks like if I order in quantity, the normal valves for my heads would be about $450 for the set, and the hollow stems would be about $700 for the set. I'd rather go with the hollow stems, but that's a pretty big price difference. Decisions, decisions...