The short answer is Yes Absolutely valves can touch and pushrods can bend.
I have never seen one with a bent valve because they just barely touch and they touch perfectly flat. Flat valve to flat portion of the piston.
I've seen plenty of pistons with valve imprints in the carbon layer on the piston as well as plenty of bent pushrods.
However, these were not on engines with the oil pressure issue.
The more common problem with the DN2/4M is that if you loosen the rocker arms the lifters will immediately expand fully.
When you tighten the rockers back down, the lifters do not compress immediately, the valve just opens up a little.
If you throw the valve cover back on and immediately crank the motor over, the valve will hit and the pushrod will bend.
You have to tighten the rocker arms and let the motor sit 20 minutes. I then spin it 1 revolution by hand and let it sit another 20 minutes.
It even tells you right in the engine TM not to crank it over immediately after messing with the rocker arms!.
So the long answer is that the valves definitely can and do sometimes hit the pistons, the result is almost always a bent pushrod but I have never seen it happen as a result of the oil pressure relief valve being stuck as far as I recall. It has always been due to other problems, as well as the mechanic ( me ) not reading the TM before messing with rocker arms!
BUT there is really no reason it couldn't happen as a result of the oil pressure issue, I just haven't seen it personally.