On a slight tangent I removed the bearings from the crank on my Knight this evening as they were absolutely shot to bits - notchy and huge amounts of lateral play, so out came my small gear puller. I remembered this thread so took a quick pic. For cheapo Machine Mart tools it's not bad at all.:
Plonked the housing in the vice jaws and held the crank still with some stilsons, then steadily turned screw down to put a moderate amount of load on it. Not even a squeak so I left it in place for a moment. About 5 minutes later it literally flew apart - the pressure caused the bearing casing to shatter. Oops.
The other side was less dramatic but only because the bearing race caved in once I started to wind it up. The crank itself has some light scoring on one side from the bearing case but it's more than serviceable, so it's now in a box with the headset bits.