I wouldn't think it would make much difference, The cam is held in place by plain bearings with a minimum clearance, for lubrication, between the bearings and cam. Tensioning the cam chain will put a little pressure on the cam, but its in the middle of the cam which will minimize the differrence between tensioned and untensioned.
For what its worth, the cam on a SOHC GL1800 is driven from the end, not the middle and you are supposed to take the tension off the cam chain before measuring the valve clearances. I've done it both ways and there is no difference between the two.