I have eight of these little buggers of differing brands on the base of the mast and I'm not really coming up with anything worth writing home about. And the sheaves are not lasting forever.
Once the original pin is cut out, either by drilling or Dremel, I'm still stuck with looking for something smooth to go inside the the Derlin sheave ID. A threaded machine screw will rip up the ID of the sheaves quite nicely.
Measure carefully after drilling the axle pin. Some have a bushing, some don't. Use an acorn nut and cut the bolt flush with the nut when replacing.
Not clear what you are using for a pin here ? Is it a machine
screw ?
The only thing that's satisfying the mechanical requirements of the block, but will look like hell, is a long hex head bolt bolt with the OD of the SS bolt = the ID of the Derlin sheave and no threads under the head.
Cut the unthreaded section of the bolt 1/4" beyond the opposing cheek and drill and insert a cotter pin close to the cheek so the pin doesn't wander.
Looks like hell but it's mechanically sound and won't seize the sheave between the two cheeks when the nut is tightened.
Gotta go see the buddy with the lathe and see if we can come up with something better looking.