Quoted: Yes, the Valmets are reliable. These rifles are more sophisticated relatives of the AK and the Valmets were the foundation used by the Israelis when they designed the Galil. (The first Galil's used un-marked Valmet receivers.)
I THINK Tony Rumore made/makes a mag that functioned well in the .223 Valmets.
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Tony modifies other mags to work. His latest has been to modify Bulgy polymer SAR-3 mags. I know, I have 6 of them and 3 orig steel mags. Got to shoot the Valmet one of these days. Got it this past winter and haven't had a chance to yet. Beautiful rifle.
You CANNOT use Galil mags, FWIW, even though that would seem unusual.
You can alter the bulgy SAR-3 mags to fit your rifle without too much difficulty according to Tony. For them to fit all Valmets will require a number of modifications. Just get them to fit in the rifle is what he told me.
There is someone who sells firing pins, disconnectors, etc. Don't know name offhand but I think I have it written down somewhere. Those are the parts to have but failures are rare.
That is the only downside to this rifle--the lack of spare parts.
The Fin's, in a fit of pacifism, stopped production of these awesome rifles. Be interesting to see how history views such decisions.