Hi Bob, I don't want to sound negative, but sometimes it's better to politely decline if you are that unsure. If it goes wrong, then you will probably end up feeling worse than your friend and you will feel obliged to pay to get it sorted.
A fairly safe way to try to remove the hinge pin, is to get an automatic centre punch and grind down the punch to slightly less than the diameter of the pin you are trying to remove, and remove the point. If you have a lathe you could make a dedicated replacement pin driver for the punch. Being a self contained impact hammer, you can safely hold the watch in your hand while using the punch.
Finally, you could always polish the crystal without removing it, not as easy as polishing plastic, but it can be done using a Dremel and cerium oxide or diamond paste.
Here are a couple of videos showing how it's done.
https://m.youtube.com/watch?v=qxkCV_UksrU