The pulley does come off although mine is seized solid.
I won't be doing that though as that's not how Yamaha intended it, so there must be some other fix. I'll be doing the rotation by hand next time I'm in the garage and checking to see what the result is.
Annoying it most definitely is, as my next job is to reduce the squish clearance down to around 0.5 mm, but that'll be a bit pointless with the PV restricting the exhaust port. Hurrumph!