Julian, I'm surprised.
I designed it that way as it's meant to run very slowly and on air – prototypical speed is no more than about 100rpm. This is a challenge to achieve with a small flywheel and a single cylinder.
You rightly point out that exhaust lap is bad for fast running engines, but it is normal to have exhaust lap in slow running engines.
Also, my intent was for an engine optimised to run on air, hence the extended admission period, following the thoughts of Tubal Cain on this subject.
But the proof of the pudding is in the eating – I have a video of it running very smoothly on air at under 60 rpm, which was the objective. As I'm sure you know, it's much harder to get an engine to run smoothly on air than steam.
In short, Norden is designed to run on steam or air are low speeds and to do so optimally it requires a different valve to locos.
Neil