I don't soak in oil, but I do use permatex on the outside radius of the braid. Then I pound it down and up into the two recesses using a socket slightly smaller than the pulley mating surface (pan and cover off, of course.)
Then I trim both similar to Dave in MN to allow about 1/16" interference. A dab of permatex on each side to seal the joint and then mount the cover, then the pan. Then (high point here) grease somewhat the interior seal and exterior pulley surface and PUSH or hammer slightly the front pulley into place OVER the crankshaft and INTO the matched seals.
Note the pulley running surface at the rear is a bit "tapered" as if it was made to be put together this way. In fact, I'm pretty convinced Ford put the pulleys on AFTER the motor was assembled - including the seals.
And doing it like this sort of leaves a "residual compression" to the seal?
Well, I like to think so.
Joe K