It would certainly grind it up, likely taking the tranny with it. I bought a complete tranny for an 03 recently and even with a discount it was not cheap. The 05 tranny is listed for 1051.99 at Gofasters. I would split the cases and fish the stuff out of there. Assuming all the bearings look nice you could jsut replace the needed gaskets. I would put new main bearings, skip the crank and tranny bearings , and a top end as well if that is not fresh.
Paul B
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