Figured it couldn't hurt to share my progress on this so far. I picked up an ATI harmonic balancer, figuring that's a better option than re-mounting the stock unit. As you may know, the ATI unit has two pieces - the hub and the balancer. The hub is what you drill into for the crankshaft pinning job. With everything out of the car, I took the crankshaft pulley and mounted it on the opposite side of the balancer hub, with the pinning jig on the other side (I got my pinning kit from Rev.Zero, which appears to be an exact copy of the ROE unit). This allows me to press down with a drill without the hub wobbling around (not all of us have machine shops with drill presses and so we have to improvise a bit

). So, the pin holes are pre-drilled into the hub now (about 4-5 cycles per hole of applying cutting fluid, drilling a bit, cleaning the shavings, more cutting fluid, and so on. Drill at low speed with high pressure). I'll mount that to the crankshaft snout and drill the last little bit on the crankshaft. I think that's the most efficient way to do this job, rather than breaking your back in some awkward position in the engine bay pushing an angle drill 2.45" into two holes through solid metal. With most of that done outside of the car where I can get better leverage, it's only about half an inch or so of the other half-circle that needs to be drilled into the crankshaft snout while all bent over in the engine bay.
The inner diameter of the hub is ~ 1mm smaller than the outer diameter of the crankshaft snout (unlike the stock unit which just sides right on and probably also explains why the stock unit does nothing once that bolt comes loose...not enough friction). So...it seems you either have to heat it up and play hot potato with a fat chunk of metal while mounting it, or you get a balancer installation tool and some wrenches and do it at room temperature. I'm opting for the latter. It looks like you can get the best clearance doing this from the driver's side of the engine bay, but you'll need to remove the power steering unit to maximize access. That's fine by me, since I was going to replace the power steering pulley and mounting bracket with IPSCO parts anyway. Two birds with one stone. I mounted the PS bracket and will do the pulley later, after sorting out everything with the balancer/crankshaft.
I used a pulley removal tool to get the PS pulley off, but it still requires quite a lot of torque. You're basically using two wrenches with pipes attached to each of them in order to get enough leverage. I ended up busting a ratchet doing this, but a small price to pay to prolong the lifetime of the car. The stock pulley and bracket are still in excellent shape, but better to do this job now while I'm in there.