I can't help with the head displacement, but I can say that I have done it with the motor in the bike is not that hard. just have to set the front tires up on some blocks or a cooler or something. Doesn't have to be perfectly level just level enough that all of the air will escape out of the spark plug hole when filling.
As for top dead center, all you need is a straight edge to lay across the top of the cylinder when the head is off. Roll the piston up until it stops, make a mark on the flywheel, roll it the other way until it stops, make another mark, verify these two marks are equidistant from the TDC mark on the flywheel. If it is, use that, if not, make a new mark.