I did mine without a fan, using my new Morgan Carb Tune. Took less than 5 minutes, so bike did not get too hot.
Since it was my first time using the Morgan, I started playing with it when the engine was cold. Pretty simple. Once I had it roughed in, the engine was warm, and it only took 30-60 seconds to balance things. I started at 2000 rpm, and checked again at 1200 idle once finished.
The hardest part is getting the tank off, finding something to block it in place so you have fuel to the carbs and still have access to the adjustment screws between the carbs. I set mine cross ways approx where the seat attaches and used a longer fuel line that I had handy.
Some guys say they can balance with only the fuel in the carb bowls, and likely once you get familiar with the proceedure you can, but for your first time, you will need to have fuel to the carbs.
The Morgan Carb Tune is pretty slick. Just follow their instructions on setting it up.
Good luck