Yes it was all to do with valve seating,required hardening for unleaded,expensive to convert but most people put an additive in to compensate for lack of lead,luckily at the time I had a 1985 Granada and it was able to run on either
Earlier car engines needed lead in the petrol to help protect the cylinder head valves and seats from erosion and/or pitting. However, when catalysts came along to help clean up exhaust gases the lead had to be removed in order to protect the catalyst matrix. The lead would render the catalyst useless fairly quickly.