Funny thing, the MB procedure doesn't even tell to unplug the injector electrical connections. I wonder why...
That would surely inject some fuel to the cylinders and decrease the cylinder volume and possibly seal the rings, so it would end up like a wet test with higher readings. ...not to mention the mess of the diesel spraying through the glow plug holes...
You're probably right, the pressure regulator will divert the "overpressure" to the return line.
Pulling the glow plugs is easy - I've already done it several times, and I smeared the new plug threads with anti-seize, so - piece of cake
I haven't tinkered with the plug #5 with the fuel rail being on though... That one is going to be a major PITA...