You were right Colbyt...I'm back.
Thanks everyone with the suggestions for changing of valves. It was actually fairly simple, the new valve fit perfectly with the existing pipe inlets with the inlets being threaded couplers. No leaks first time around!
Anyhow, while finishing up the taping of the Wonderboard around the bath/shower walls, I found rotten particle board around the base of the tub. The sub-floor is in good shape but, of course, I am having to replace the bad portions of particle board. Is there anything wrong with me replacing the bad particle board with 1/2' Wonderboard? I'm also going to tile the floor so I'm going to place on top of everything 1/4' Wonderboard (after tearing off 3 layers of *poor* quality linoleum to help with floor height issues).
Thanks again!
Andy S.