One way to remove the old pilot bushing is to pack it with grease and then use a dowel rod of the same diameter as the transmission input shaft and a hammer to force it out hydraulically. When it comes out, wipe off the grease (wheel bearing grease is good to use) and drive in the new one using a piece of wood of the same overall diameter and the hammer.
Jon


~ Jon
1952 1/2 ton with 1959 235 | T5 with 3.07 rear end