Sooo-considering the small amount of work involved,it would appear to be prudent to remove the timing cover and secure the chain. Added benefit would be that the tension could be checked which would be handy if a manual [APE] tensioner were installed. nicht wahr?
Well, sort of.
The dowel that holds the chain guide is anchored at one end in the cover, so you can't really get a good idea of the tension with the cover off.
Just killing the last few minutes of the day at the office and was re-reading this thread when I came across this post again.
While Geezier is partially correct that the dowel that creates the bottom "hinge" of the aft chain slipper probably will come out with the cover, it's not anchored in the cover. It will come right out and you can put it right back in through the base of the slipper into the recess in the block that locates it.
Just don't rotate your motor, by starter or by wrench, until you put that dowel pin back in the block, as it positively locates the aft slipper in position, and if you rotate the motor with the slipper "unattached" by the pivot dowel, the slipper WILL move. And if you're rotating the motor clockwise, as viewed from the right side of the bike, with the slipper unattached, the chain movement clockwise will drag the slipper UP, putting a hell of a bind on the chain.
If you turn the motor CCW with the slipper unfixed, the chain will force the slipper DOWN. Instant tons of slack and you'll skip a tooth on the crank sprocket. Part of the problem in the ease in which the chain WILL slip is the small diameter of the crank sprocket. The chain must be snugged up against the crank sprocket or it will slip instantly. And that's not good. Nope, not at all.
Just be sure, if the dowel (arrow below) stays attached to the cover when checking your chain, do NOT rotate the motor until you put it back to positively anchor the rear chain guide.
Finally, to answer lnewlf's question, most assuredly yes "it would appear to be prudent to remove the timing cover and secure the chain." I'd recommend a zip-tie betweein the two chain runs right about where the arrow in the above picture is.
JUST BE SURE TO REMOVE IT BEFORE PUTTING THE COVER BACK ON!!!!!!!!!!!!!!!!!!!