That happened to me. I stuck the bottom bracket in a vice and used a set of stillsons on the knurled ring. Ended up with a couple of teethmarks in the ring.I like the way you think and your solution though very risky might be the way forward. Like you say wait for more replies. The other problem is as you can see in the pic the removal tool attached to the spindle is not wanting to be removed. It's tightened to the extreme, I've used some penetrating oil and just left it. Any ideas on how to remove this. It's not the 13th today is it, it just feels like it .