Alright. Victory. The nut succumbed to a grinder.
I went out and bought a 10 foot piece of black pipe. Sheesh I had to buy a 10 footer. I cut it to 7'.� Yep, 7'.
I rigged up some pieces of scrap metal to keep the outer end of my 3/4" drive extension from moving around.
I put on my 3/4" "T" bar, slipped the 7' pipe over the bar so I could push upward.
I found a better way to stop the crank from turning too: I put a 7/16" bolt between the two center counterweights and the oil pickup boss. (see picture) I was actually worried about using the oil pan rail edge of the block as a stopper.
First go with this rig didn't work. I had plenty of leverage as you can imagine, and it would not give.
I decided to cut away some of the nut.
I measured the diameter of the round section of the nut to be 1-3/8", and I learned that the crank snout is 1" diameter. So I would be able to grind about 3/16" (0.188") from the O.D. of the nut. I ground two sides of the nut about 0.150" each.
I then had another go. I kept upping the "cranks" I made until I was really forcing it, pipe was a big curve, and all of a sudden a huge "pop", and it let go. I then unscrewed the nut by hand. The threads were bone dry, and no rust. Wow.
Thankfully I was able to wiggle the pulley right off too. I might have been just a little perturbed if I had to battle that one. Soooo, all this to get the oil jet. I got the timing cover off easily and found the oil jet I have is indeed 0.070", so I'll be modifying that and reassemble the whole thing, and getting a new nut from Walcks. I miss driving it!