... But there was no way you can install a drive with the bearing outside of the tolerance ring, NO WAY and no way to remove the bearing from the tolerance ring unless the ring is totally destroyed. ..
In the early day (pre about 1986) Merc were installing the bearing and carrier so the slots faced aft (you could see the slots when you removed the drive)... People started replacing just the bearing, by twisting it 90 degrees and pulling it out through the slots. As the bearing and carrier are a matched set (we are told :noidea

, it caused all sorts of problems. (I know because I replaced quite a few 'bad' bearings that people swore black and blue that they replaced both bearing and carrier. I know it was BS because you could still see the corrosion between the carrier and housing. When they continued to insist, I charged them double.) Anyway, in the early 90 (I think) Merc release a service bulletin with instruction to install the bearing and carrier with the slots facing forward, so people couldn't pull just the bearing. Are they a matched set? Who knows? But only being able to replace them as a set solved a lot of problems.
My recommendation is get one of the 'sealed' bearings (from Merc. not sierra), remove the grease nipple and use the supplied plug to seal up the hole. Then never have to worry about greasing it ever again. I've seen those sealed bearings in for about 10 years now, and still going strong. Same with the sealed unis. The only thing that will kill those sealed unis and gimbal bearings is water in the bellows, and that'll kill the greaseable ones too. So what is the point of a greaseable bearing or greaseable unis? Only another thing to remember during service.
Chris......
(The 'tolerance ring' is that thin piece of crinkled sheet around the outside of the carrier, with the slot for the grease

)