Spiral,
You're almost correct. I guess that I was thinking of the 6" which is as I described (set screw, spring, ball and direct drive pin with two circumferential grooves and apparently a low land between the grooves). In the 10" and 12", the hole that the ball nose pin sits in is drilled from the outside (like the hole for the index pin spring and ball) but not all the way through to the hole through the gear for the spindle. With the gear off the spindle and on the bench, you would drop the spring in the hole followed by the pin with ball-end last. Then stick something like a cutaway rod into the hole to push the ball nose pin down past the bottom of the hole for the lock pin. Finally, with the flat turned toward the spring and pin, you would stick the lock pin in the hole until it hit the installer pin, pull the installer out, and push the lock pin on in until the ball nose pin popped up against the flat. I've never taken mine apart as I've never had the spindle out of the headstock. But I assume that to get the lock pin out, you would rotate it 180 deg. to compress the spring, and then pull it out with a rag over the hole to catch the ball nose pin.