Digging up an old thread... because I just did this great mod. Quick and easy.

I used a Dremel to weaken the links at the base of the tool, so they'd break off easier. You only have to break off one link for the other to slide out with the pin. For the long length, I Dremeled off the "rivet" type pin (not sure why they don't just use a regular chain pin for that piece.

The only "con" to this modification is that the plate/handle is pretty thin (made for the 3/16" chain), so there is a little bit too much play with the 1/8" chain now installed. We'll see how it actually affects the usefulness of the tool - my hunch is not much, but time will tell.

Thanks for the awesome idea & tutorial (photos aren't necessary, so it's ok they're not loading).