Yep Hold the fly wheel and tighten the bolt as much as you can. The other tool is just a pin spanner that goes in the holes on the end so you do not damage the OD. You can whip something up quick. After snugging the bolt as much as you can give the head of the bolt a good rap with a 32 oz hammer or better (it's the shock that releases it from the taper). Much like releasing taper drive tools in the machinist field. (Morse, , Jarno, and Brown & Sharpe) Otherwise I bet you'll destroy the female threads just trying to use the two tools. There is a Woodruff key in the shaft: * keep track of it *. Also most people miss the bolt hidden by the oil pressure pump. Pull it before you spilt her open then you'll see the bolt.
Your 120 nm is enough just give her a shock with the hammer. She will jump off the shaft quicker then stink on crap. You'll be laughing when its over.