You make it sound so easy.
(btw, the above pictured is a Cloyes hexajust set with IRL chain).
Now, if I may ask, what do you fasten the degree wheel to?
Remember, the balancer will still be there, bolted up tight.
Normally, I could see the possibility of making some sort of spacer setup to locate the degree wheel outboard of the balancer, but that would still require removing the bolt, which isn't possible with the rack in place.