Seen that tool to work a different ohv setup. You wont need it.
Now, is it necessary to use compressed air (or rope) if you know a piston is at TDC.
The valve wont fall far
Too bad theres not an easier way or tool to hold it from the top, but obviously no way to grasp the stem while actually sliding the spring off.
I think I would invent a slightly different keep system.
Make the hole in the retainer slightly bigger, and make the keeper fatter/wider to cover the larger hole, so that when you remove the keeper, you could put another smaller clip of some kind onto the stem that would fit through the bigger hole and prevent the stem from sliding all the way down. Of course, the compressor tool would also have to have something to clamp onto the very top of the stem to hold it up while you are switching keepers.
I bet someone has a tool like that already.
By the way, are you planning on swapping your seals and your "aluminum" retainers.
PS
I read somewhere that you can also hold up the stems with a wood clothespin if you have to step away for any length of time in the middle of a job, so it might be a good idea to keep one of them or maybe soft jaw vice grips. Never know