Had a chain break when screwing on the power at 80mph ,the valve stem is the least of your worries it nearly totally destroyed the chainguard and looks be damned will never own a bike without one
It's all great advice. Hoof has a good experience with it not being spit out directly! Ever see one get bound up and destroy a set of Sportster cases when the master link was put on in the wrong direction and was removed by an obstacle in it's path? Doing all of the wheels I've done....quite a sum.....I think 3 were my witnesses to chain aggressiveness disorder. Anything can happen-Don't worry so much about the stem-keep your eye on the chain, it's tension, and it's wear as well as sprocket wear/alignment. Never use a chain/sprocket setup smaller than the series rated for your machine (I.e. 530, 630 etc....)Easy, do your chain maintenance and it will never break.
And if it did break, under power it is going to be pulled straight forward into the gearbox sprocket area and thence to the ground, at a very rapid rate of knots.
How it could possibly thrash around sideways and catch a valve stem is difficult to envision.
And if it did thrash sideways, through some miracle of Murphy's Law to the Enth Degree, what are the chances the paths of the rapidly moving chain and rapidly moving valve stem would intersect?
Forget the urban myths and leave your wheel as it is.