It would be tedious, but grinding the pin with a die-grinder till it's just a shell would allow you to collapse it and possibly get it out.
Also, the welding idea is worth a try, and probably wouldn't heat the crank enough to damage the oil seal. If you wind up removing the crank, you'd have to replace the seal anyway.
Some pins I have seen are stepped (smaller diameter in the crank than the part that goes into the flywheel or other mating part.) that would prevent them from being pushed into the flywheel like happened here.


Kevin
1951 Chevy 3100 work truck
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1929 Ford pickup restored from the ground up. | 1929 Ford Special Coupe (First car)
Busting rust since the mid-60's
If you're smart enough to take it apart, you darn well better be smart enough to put it back together.