I agree,a valve spring compressor isnt that expensive. However,years ago i made a tool similar to change valve stem seals with heads ON the engine,using compressed air to keep valves closed. If one was going to use compressed air to change balve stem seals ,theres a small valve spring compressor you can buy that makes that job easier too.
This is a example of being cheap and kicking yourself in the nuts. if you start doing this on a regular basis with any type of performance setup, you will be figuring out how to repair heads. Do not do thisa.
Sure you can pull the threads, or most likely, the wrench will fail right where the hole is and all the pressure is concentrated, after a few springs you will loose your teeth! 😮