You can pull the head of the 500 right in the frame: at the very least, I'd recommend that approach. You can them fix up the valves easily.
When reassembling: get some slightly thicker O-rings for the 2 outer oil passages, because the new head gasket you will get (anywhere) is thicker than the old one, and this will cause oil leaks at those O-rings.
...just one of the 'tips' coming up in my new 500/550 book...
