Final answer:
The Hamiltonian you provided is allowed in a physical way, and you correctly construct a 4x4 Hamiltonian to find the eigenstates and eigenvalues. No further transformations are needed to interpret the eigenstates.
Step-by-step explanation:
The Hamiltonian you provided is indeed allowed in a physical way. It describes the interaction between two spin 1/2 systems, where one spin is coupled to the other spin and also influenced by an external field.
The addition of the Hamiltonians is valid because the spins are treated independently in this case.
To find the eigenstates and eigenvalues of this Hamiltonian, you correctly construct a 4x4 Hamiltonian using the new 4x4 spin operators. Diagonalizing this Hamiltonian will give you the eigenvalues, which seem to agree with the expected energies.
No further unitary or non-unitary transformations are needed to interpret the eigenstates. The eigenstates obtained from the diagonalization in MATLAB are valid and correctly represent the system without requiring any additional transformations.