I have a similar issue - I believe option 1 is the solution. I'll remove, use some rubber to protect the steel and give a squeeze with some adjustable pliers or similar.
"Y mae dafad ddu ym mhob praidd"
1972 4/4, 1981 MGBGT, 1984 FLHT1340, 1980 XLH1000, 1990 ZX10
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