If it is in a blind hole I would attempt to pull it out before I resorted to drilling it.

To pull it out, first weld a small pile on top of just the pin, TIG welding is best, but with a properly sized washer around it to protect the casting a MIG welder may work.
Once you have enough sticking up to grab a hold of weld whatever you need to to it to be able to use your slide hammer.
You don't have anything to lose by trying, as you can grind the weld off flat and drill if you have to.

If you do get it out consider drilling all the way through to avoid the problem next time.

Grigg


•1951 GMC 250 in the Project Journals
•1948 Chevrolet 6400 - Detroit Diesel 4-53T - Roadranger 10 speed overdrive - 4 wheel disc brakes
•1952 Chevrolet 3800 pickup
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"First, get a clear notion of what you desire to accomplish, and then in all probability you will succeed in doing it..." -Henry Maudslay-