Maybe not. If the "bits & pieces" were plastic from broken chain guides then that's no big deal. If the bits & pieces were metal from the chain rubbing on the timing cover then just replace the timing cover (about $50 on
ebay). Run a compression test before doing anything. If you get 160-190 PSI on all cylinders then you should not have to remove the head to fix anything.
Two caveats: If the engine was ever overheated into the red zone then the cylinder head may be warped enough to compromise the long term integrity of the head gasket. In that case the head should be removed and resurfaced (trued up) by a machine shop. And if you ever ran the green Prestone coolant for years without changing it then it's possible the aluminum coolant passages in head have partially eroded away (the borates in Prestone green erode and pit aluminum) and compromised the integrity of the head gasket. Using the Toyota Red Long Life Coolant & distilled water avoids this potential problem (or use the Toyota Super Long Life prediluted coolant).