Purchased a set of Viton valve seals. So while I have the rocker cover off I figured its a good idea to put them in. I use a Low budget easy method that works well for me.Here are the steps I use to replace the old dried out seals with the head on and without a valve spring compressor.
Step # 1- Bring the piston down to the bottom of the stroke.
Step #2 - Remove spark plug
Step #3 - Insert as much as possible nylon rope into cylinder through the spark plug hole.
Step #4 - Slowly bring piston to top of stroke until solid resistance is felt.
Step #5 - This is the technique I use since I do not have a valve spring compressor that works with the tight clearances on the cb550 head.I use a long box end wrench and I position one side around the keepers on top if valve spring and the other side wedged against my hip/ thigh area and compress with my palm. My other hand holds a magnet that pulls the keepers out once the the spring is compressed.
Step #6 - Remove outer and inner springs and keep in order so top and bottom do not get reversed . And remove old seal with needle nose pliers.
Step # 7 - Replace seal and spring and retainer plate and load retainers into the plate.Compress using box wrench technique and a finger on top of retainers to press them into place and your done.
I also coat them with oil and a dab of cam install lube in the top of the valve to help reduce friction on start up. Here some pics.This works for me ,someday I will shell out the cash for a proper tool or make one but for now this has worked fairly well.