The thing to watch for is that you don't hit the pin so hard that you mushroom the end of the pin ! Then you are creating a new problem! The other thing I would try is to get the pin to turn and start wiggling it. I would find a large hex nut, something that has an internal diameter similar to the outside diameter of the pin. Place the nut on top of the pin and weld the nut to the top of the pin. Make sure that you leave a gap under the nut in case your need to cut it off again. Don't worry about heating pin. Once you have nut welded to end of pin get a large (1 inch drive) impact gun and put socket on and try going back and forth. If you can get it to wiggle at all then keep spraying the penetrating oil on it. Are you sure that there isn't some kind of retaining pin going through that pin? Hidden under the paint?
There is a locking cotter pin. You can see it's hole/location in an above picture. It has been removed so the only thing holding this thing in is 35 years of oxidation I suppose.
We did take a steel bar, machine a hole in it to fit the diameter of the pin and welded it on. I was laying into it as best I could (one arm had rotator cuff surgery and the other arm was snapped in two near shoulder so my arm strength is about on par with a soaked noodle)
Anyhway, saw the lever move!!! Hit it again with more fervor.... moved some more!!! YESSSSSSSSSSSSSS we are finally making progress as I know once I can get it to move in any direction, it's then "simply" a matter of doing enough wiggling to get it out.
Only problem is, the weld was breaking and the last time I hit it, the lever popped off.
Unfortunately, my brother in law came yesterday to pick up the welder. He's trying to sell it and had someone coming to his place to look at it / buy it.
My guy came over yesterday with part of his contraption. He had a piece of steel shaped a bit like "]" On one of the flat surfaces, he cut a hole where the pin would pass through. He's got a bottom part to it that I didn't see. This will end up being bolted together and we'll set a 30 ton bottle jack on the bottom part of the frame. Hopefully when we apply direct force to the pin, it will budge.
The TOP of the pin does have a slight mushroom to it. The bottom should be clean since I can't reach it to whack it with the sledge. I think however, it has some burrs on it from cutting that will need to be ground off prior to the jack.
I intend to take a picture of the process.....just in case it works.
If I end up trying to lance it off, there WILL be a camera taking pictures of that as it will be quite a show.