It seems to me if sealant was applied to the outside flange on the sleeve, the seal would be made between the sleeve flange and the back of the balancer pulley it should be sufficient to form a seal with getting any on the shaft so it should not interfere with installing the sleeve.
Any other “Bolter’s” out there, that installed this sleeve, please share your experience.
The sleeve will not be installed not nearly that far because then the sleeve would be way past the seal in the timing cover.
Hint : look for the groove in the dampner before you install the sleeve, then only press it on far enough to center the sleeve on the seal.