Wouldn't a compression test give you an indication of whether the valves are still seating properly? Of course you'd still have to get things somewhat back together first.
First the chain. Try a variation on the wedge method used for holding the chain when installing cams. i.e. slip something down between the two sides of the chain to gently force them apart. You may find that the tensioner pops out of it's hole when you do this. If not, it may still provide enough slack to reposition the cam.
Once you have everything back in place, I would suggest removing the plugs and slowly turning the engine over by hand to see if it binds up anywhere.
If it seems to turn over ok without binding or locking, maybe then you could replace the plugs and wind it over on the starter for a compression test.
First the chain. Try a variation on the wedge method used for holding the chain when installing cams. i.e. slip something down between the two sides of the chain to gently force them apart. You may find that the tensioner pops out of it's hole when you do this. If not, it may still provide enough slack to reposition the cam.
Once you have everything back in place, I would suggest removing the plugs and slowly turning the engine over by hand to see if it binds up anywhere.
If it seems to turn over ok without binding or locking, maybe then you could replace the plugs and wind it over on the starter for a compression test.