fechtichmac - First step is to remove the retaining ring, then the friction disc behind it. The retaining ring will simply pop right out, then the friction disc will lift out. There are two holes in the clutch spider that are tapped for 8-32 screws. I have a heavy washer with two holes that line up with the threaded holes in the clutch. With the nut removed, install two 8-32 screws through the washer then use your gear puller to pop the clutch free. Once the clutch is off, remove the key from the crankshaft before attempting to remove the clutch drum. Be advised that the clutch runs "wet" in the gear box lubricant so position the saw on it's side with the gear box up to prevent oil from leaking out all over.
There are different diameter retaining rings that can be installed to accommodate wear in the clutch. Your clanging clutch shoes may simply be a symptom of worn shoes and the need for a larger (wire) diameter ring. They came in wire diameters of 0.040, 0.047, 0.055, 0.063, 0.071, 0.080, 0.090, 0.106, and 0.118"
PM me with an e-mail address if you would like an IPL for the 1-60 saws.
Mark