A heapable sequence is a sequence of numbers that can be arranged in a min-heap data structure. Finding a longest heapable subsequence of a given sequence was proposed by Byers, Heeringa, Mitzenmacher, and Zervas (ANALCO 2011) as a generalization of the well-studied longest increasing subsequence problem and its complexity still remains open. An equivalent formulation of the longest heapable subsequence problem is that of finding a maximum-sized binary tree in a given permutation directed acyclic graph (permutation DAG). In this work, we study parameterized algorithms for both longest heapable subsequence and maximum-sized binary tree. We introduce alphabet size as a new parameter in the study of computational problems in permutation DAGs and show that this parameter with respect to a fixed topological ordering admits a complete characterization and a polynomial time algorithm. We believe that this parameter is likely to be useful in the context of optimization problems defined over permutation DAGs.