I'm in the process of revitalizing the brakes on my 84 Carrera, and naturally it's proceeding smoothly and exactly as documented in the manual :|
After pulling the calipers off the car, I was removing the brake pad retaining pins when this happened:

The frozen pin didn't budge, and the tip of the screwdriver I was using as a punch embedded it self deep into the end of the retaining pin. At that point, I went to find a second opinion - but found some beer instead - and decided to just let the problem lie for a bit.
I've read quite a few threads on this problem, and it seems like most people use heat, PB blaster, punches, or a combination of the three. I don't have a torch, and penetrating fluid and punches have failed so far (and I don't see them working in the future as the end of the pin has now expanded in the hole).
I haven't encountered anybody who has drilled out the end of the pin from the hole, though, a la removing a stuck screw. Is there a reason for that? It doesn't seem any more potentially hazardous than the torch method to me, not to mention significantly less time consuming.
Is my logic flawed? Has anyone here tried a technique like this?