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I though the securing bolts attaching the banjos were hollow, and you could carefully tap the appropriate sized extractor into place and remove it - all with the VP-44 in place - but never had the banjos off mine, so can't say for sure - anyone else out there have help?
In any case, be EXTREMELY careful to remove all traces of metal scrapings or debris, to avoid entry into the VP-44 and disaster...
Go down to the autoparts store and purchase one of their extra strong magnetic parts retrievers. The ones that will hold a minimum of 5# dead weight. usually they are extensible like a radio antenna.
Place it very close to the drill/easy-out so it will tend to keep the chips out of the hole.
Matter of fact, why not try this:
Take the drill bit or the Eazy-Out and wrap about 20 turns of #18 or #20 THHN wire around it. Use two pairs of Visegrips to clip onto the bared ends of the wired (insulation removed about 1/2 inch).
Put on a pair of leather gloves, wear long sleeves and get a face shield of some sort. Place the visegrips across a 12 V battery. for about 10 seconds, -or- until the wire burns up. That usually happens first.
Now you have a magnetized tool to use. Works great on screwdrivers that need to hold a screw down into small, deep places.
Actually. if there IS a need to drill, you can buy reverse-twist drill bits that will often unscrew the part you are drilling before you even get it drilled enough to use the easyout...
Since the banjo bolt already has a hole in the center, he will not have to drill if he get's a small enough easy out. I bought a kit from Harbor Freight for $10 that has 6 different sizes from 1/8" to 1/2".
I did the EXACT same thing. An Easy Out worked for me. Hardest part was trying to find a replacement part. Ended up having to order another one from DPP.