Sure.  I'm using La Femme with modified facial features as an example.  This is what I created moving the facial chips around.

Make sure you're in the Pose tab of the Library.  Select or create a folder you would like to save the morph.  Click on the '+' icon at the bottom of the Library.  

Give the morph a name on the next panel, and press the Select Subset button.

Deselect all the objects in the window and select all the body parts you want to transfer to the morph.  In this example, I selected all the head parts.  

Continue by clicking the 'OK' button until you get to this panel:

By default, the 'Scales' selection is checked; select 'Morph Channels' and 'Body transformation'.  Continue by pressing 'OK' and in the next panel save as a single frame.

In the Library, you should get a new Pose Icon.  Zero your figure and apply the new morph you created from the Library.