Yes I did replace the mechanical tensioner myself last Summer. I followed the DVD shop manual step by step, it wasn't difficult at all, just a lot of panels to remove. The old tensioner was completely frozen (had less than 8K miles on it) so wasn't doing anything anymore. The new one has seen about 4K miles and is still A-OK (touch wood). No need to take any part of the engine apart, make sure you have the correct chapter of the manual.
If I were you, I would not run the scooter anymore without replacing the tensioner; if it is very noisy as you say, catastrophic engine failure is very possible as the timing chain can skip teeth and it's of course an interference engine, kaboom.
I think the whole procedure took less than 2 hours. I combined it with replacing an idle air hose that was torn, which added easily an hour.