Basically what it takes to inspect the chain is pulling the valve cover. Once the valve cover is off the chain is exposed, about 3" worth or so. You can turn the crank with a breaker bar to move the chain for a "complete" inspection.
I DON'T know if you'll be able to check for stretch. I would imagine grabbing the chain and trying to pull it upward might work, but there may be some inherent slack (perhaps why we have tensioners?)