The main drawback with the "Valve Pro" is that it doesn't perform dynamic analyses of the valvetrain. It can predict valvelifts, given a cam profile, for different valvetrains and it can produce "kinematic" data, but it cannot simulate separation and bounce of the valvetrain components in the true dynamic sense.
The other valvetrain analyses packages already mentioned in the previous replies (such as the 4stHEAD, Valdyn, GT-VTrain softwares etc) simulate full dynamic analyses of the valvetrains.
A very interesting outcome of a dynamic valvetrain analyses on a NASCAR exhaust valvetrain has shown that actual valve opening can be retarded by up to 10 degrees cam rotation due to the in-cylinder pressures and the flexibility of the particular pushrod system. No Spintron testing will ever show this to the engine designer!! (It can be validated by looking at the output from pressure transducers in the primaries)