Great post! It's nice to see a post that shows pics of how & some good descriptions.
I disagree completely with the need for this, but it's NEVER a bad idea.
I feel there is a simpler way to accomplish the same goal.
I simply put some grease in the old hole & in the end of the shaft before installing the delete. If the area is truly oil tight (it isn't, according to all the builders I know) then this is a permanent solution.
More realistically, the way we see it is that we put this grease in to completely avoid the possibility of starting the motor & running it with no oil in this cavity till it seeps through, eventually the seepage will occur & will likely wash away my grease but it will be washed away with premix, so that's fine.
I see nothing wrong with doing this the way bighoe describes, that's likely the best way to do it. Most of us don't want to pull a motor though if we can avoid it & as I've said before, we've seen quite a few of these & have NEVER seen a failure. We have torn motors down after 1000+ miles & see zero reason for concern, but this is making sure it has initial lubrication.
We DO agree 100% on one thing, DO NOT INSTALL without adding some type of initial lubrication, you may get lucky in having oil in there in the first place, or it may drain out, it's not worth the chance IMO.
Minor disagreement on the how, but overall killer post, this should be a sticky, as it gets discussed rather often & we're not likely to have someone else post with pics & a good how to!