SkigSkag40,
I had to use a 1/4" open end wrench. I could just barely grab the sides of the SS insert hex head. It was enough for me to break the pivot screw loose.
Yes you do have to 'knock' the inserts out. I centered the insert over a piece of CPV plastic pipe (on end) so that the insert was over the hole. I took a properly sized drift-punch and LIGHTLY tapped on it till it came free from the handle piece. Of course I cross threaded on of the inserts (the one near the pivot point)and so I had to break into my 'emergency' kit! Never was $6.00 spent so well-heheh.
I cleaned it up, added some teflon based lube I had around (yea I know I have to get some Mil-Tec

) and reassembled it. I only used a wee bit 'o loc-tite on the one insert next to the pivot pin. I found the overall function of this knife is alot better if that particular pin is looser (almost too loose) than the others. I kept my pivot pin tight so that it will wear in quicker. I sit around and just keep working it. It is feeling better everyday.
It's funny how you said 'ugly'-I mean is this a knife only a mother could love or what? The more I handle\look at it the more I like it though. It's kinda like what one of us would build done in our basements-except for the beautiful blade design. As you said this aint no 'GENTLEMANS TACTICAL'.
I almost hesitated to use it, and then I thought whoever this John Greco is (I've never had the pleasure to meet him)he'd probably look at me and say "You big wuss, I made that sucker to cut! Now get it out of your pocket and get on with it!!!" To hell with 'collector value', I'm gonna use it....
Good luck with yours...let me know how you made out,
Mongrel
PS-What do you say we form THE OFFICIAL JOHN GRECO FALCON FOLDER USERS CLUB? We could be charter members

(something I've never been before)