RP,
Yes, I have changed several MB timing chains without the fancy crimper and it has worked great.
I simply grind off the ends of the pins on a link and punch out the link to remove the chain. Upon putting the new chain in place, get the joining links at the very top and then put your new master link in from the back. Now rub both sides of the pin plate and feel which side is smooth with no burred edges. Put that smooth side toward the front of the car and push the plate into place while holding the back of the master link with a body dolly or heavy hammer.
With the master link held FIRMLY in place with your body dolly in your left hand (assuming you are right handed) start peening the end of one of the pins with a ball peen hammer. Peen evenly both pins down real good.
Good luck,
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