Hi Acoster,
The Magnette heater valve is located in the most inaccessible place imaginable. Behind the heater box at the left-hand side!
As you can see in the attached scan, the hose from the heater valve (14) is the lower of the two hoses coming through the bulkhead, and connects with the copper pipe (36) that runs forward alongside the rocker cover to connect into the bottom radiator hose. The upper heater hose connects to the water elbow on the right hand side of the cylinder head.
Hope this helps
OOps! image too large I think