I'm thinking about doing the same thing on my yellow '76 750F too sometime soon. While you will have to remove the engine, you only need to remove the valve cover, not the head. That is of course (like was said before), if you get the master link type chain. I haven't done this myself yet, but as it was explained to me, the new chain can be attached to the old chain and using the old chain to pull the new one through the engine around the crank and through the tensioner. You will have to remove the tensioner spring device to make it easier getting the ends of the new chain riveted together. I'm going to start the drudgery of pulling the engine out tomorrow (took the day off) to get the cam dialed in if possible. I may end up replacing my cam chain too.........we'll see. The bike has only 25K mikes so I think it won't be necessary (keeping my fingers crossed).
Regards, Steve F