@Steve Swan is only bloke I'd trust on box.
I don't bother drilling out water pump bolts, never ends well, better on bench , tig a washer on, then a nut, repeat as long as it takes to get old out.
I can understand you not wanting to strip it out, but the faff of drilling a steel out of Ali never works out for me, if you turn it over by the pulley I'd guess it got fuck all comp, gungy stuck rings, bit of corrosion.
I'll always agree with Mr Swan to get prodding for rot, it'll be there, but again can understand you not wanting to find it.
Ours is on hold as turbell the elder has some health issues meaning he fell from top of stairs to the bottom, so he's confined to barracks pending on him getting back to something like.
Looks like I'll be taking more of it on than I first thought.
Looks bob on though, as long as you enjoy whatever direction you go in, doesn't matter to nobody but you .