Well count me as one of the horror stories. My spacer came out during install, I didn't re seat it correctly, and now I'm having replacing the engine due to "top" end damage (valves, head, rocker arms, etc.). Wish I'd seen this beforehand. All the other threads just say "oh it's easy and cheap, why wouldn't you do it?" This is why you wouldn't right here.
If you're reading this, seriously consider whether or not you want to mess with a crank pulley. If you decide to, make damn sure the spacer doesn't slide a millimeter when you remove it.
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