The aluminum sleeve is what you see in the photo. The valve is back a bit from the cylinder and out of view. The brown coloration in the ports is probably from epoxy when Eric Gorr did his magic.
I did not notice any change in power at all or extra heat. It was installed about 1" from TDC because you need to have SOME compression in order to start the motor.
Many years ago, the compression releases were installed directly in the head only to provide compression braking but you could not start the motor because there was no compression. I installed the thin head gasket and even ran 50/50 race/pump gas to test the unit. I don't believe it will add to ring wear any more than any other port in the cylinder.
I'll put some more photos in the gallery.