Must admit, I assumed that PO had already got the head off. Removing the cam on the 175 involves completely slacking off, or removing altogether, the tappet adjustors, then removing both cam journals, cam should then drop low enough to lift the cam chain off. Remember to remove the sleeve in the tacho drive end of the camshaft. If that is not removed the cam cannot clear the head in order to remove it. Cam chain will still be threaded through the tensioner assembly though, but it should be possible to get at the clip link now.
Here's a pic of my seized 175 engine and the hole saw.