I bought a tool from someone a long time ago which I still have for banjo's. Here's the instructions that were sent with it.
Joe, The axle housing bearing race remover works by hooking it under the race and placing a metal bar with a hole in the center across the bell end of the housing. Run the threaded rod thru the hole and thread into the flat end of the tool. tighten the threaded rod and it will draw the race out very nicely with no damage. I did not include the metal bar because it is heavy and any scrap will do. The tool for setting the pinion backlash goes on the end of the pinion shaft. attach your beam type inch pound torque wrench on the other end of tool and you can read the preload. I set new bearings at 20 to 25 inch pounds and used bearings at around 17. If you have it this far apart, use new ones. The three pinion races welded together is used to press the pinion assembly into the housing without any damage. Ford recommended that you heat the housing. I warm it up a little bit with a propane torch but I don’t know if it is really needed. The thin wrench is used to hold the inner pinion shaft bolt while you tighten the outer one. The races with enlarged holes can be used to drive the new races in. The smaller one can be used when setting the pinion preload. Sometimes the bearing can be pressed on too far and bind up the bearings. If you use his one, you can get it set up where you want and then remove it and install the new one. This will probably not be needed if you use a Ford pinion gear. Some of the aftermarket ones have a tighter press fit for the bearing and it is easy to tighten the nut to tight and it will give you too much preload and it will be hard to back it off. I hope this helps. Let me know if you have any more questions. Ford rears are not hard to do, just a little different than newer rears. K D tools makes a great inch pound beam type torque wrench. If you can’t find one, I can give you a part number. Don’t try to use a click type because it takes more torque to make it click than you are measuring. You will also need a spring scale to measure the preload on the differential bearings.