The home head function from the menu just nudges the print head to the right and to the front a little bit. I can definitely move the print head when its turned off and when I move to the back left corner I hear both stop switches click. I can also see where they are pressed in.
You are correct about the home of the UM2, when I do the homing command (G28 I think it was) while the print head is in the back left. The printer reports x0,y230, when I move the print head using pronterface to the front left the printer reports x0,y0. So that seems to be ok.
I guess I don't understand what the "Home head" function is supposed to do. It seems pretty useles to me but then I only used it once it was not working correctly.