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In the particular case that you mentioned, the exhaust valve would be open so long that the intake charge would enter the cylinder and exit the exhaust valve right away. That would cause your VE to be very high but not in a useful way. You have to look at much more data than just one output to understand if the data is useful or not. DD is a useful tool for very mild motors but the more "radical" the combination the less reliable the data is. DD (and any other engine simulation package) still goes by the asumption that "bigger is better" as far as producing big HP numbers even though real world experience tells us that "bigger" is far less important than "correct combination".
Theres a thread about Lobe seperation in Engine Mods that goes in to this a little...
Something about reverberation of exhaust gases into the intake... the farther apart the lobes are, the less overlap you have... overlap causes the exhaust to go up the intake, or the intake charge to go out the exhaust.
The guys overthere explained it better than I'm capable of understanding!