Usually if it's the chain, but not always, the carb or the tail pipe will backfire or spit or pop. This whole timing procedure above will not necessarily catch that problem. There will be a TDC and compression, and a rotor position. But that rotor position will not be synched to the piston anymore.
Just continue with the plan. Those motors are pretty bullet proof mechanically. Double roller chain.


Right is right, even if everyone is against it, and wrong is wrong, even if everyone is for it. - William Penn