I guess I dont see the jig as a shortcut. Once installed either one of them hold the pin in place and prevent the pin from coming out, equally as well. The final solution works just as good in either case. To me either one is fixing it right.
I dont see why you need to see how far the pin has moved. If you can get the drill bit to go in to the proper depth, and you can get the set screw in place, then the pin has not moved or has moved so little, that worring because you cannot see it is pointless. -- Now if you cannot get the drill bit in, and the set screw will not go in, now you know you are in trouble. You CAN tell the pin has moved. You CAN tell the pin has moved to a point that is suitable to start freaking out. You install the "short" set screw to cover the hole you drilled and tapped. Now you are have to remove the cover and fix it that way.
Given that, the Tab method does have the advantage that once you get into it, it can be fixed in any case. With the jig, if its moved too far, and you are not prepared with seals and gaskets, etc. you will have to come back another day. A very soon other day.
There are a few other opinions, that I think are more convenience depending on your particular situation, not things that make one better that the other in terms of solution. -- It really boils down to the metal shavings thing and whether you feel that is a problem or not. IMO.