Line-up problems

My water pump went bad so I replaced it. Then right after that my alternator went, did not even get it out of the drive. Replaced that. I proceeded to replace all the pulleys except for power steering and A/C compressor. The harmonic balancer was the last thing that went so I replaced that. Had a problem lining up the belt. Someone put in my head that the part was wrong, about 1/16 separate me from driving again. Everything lined up except for the balancer and the A/C compressor. I am not he-man, I gave all I got until I could not turn the installer nut anymore. So then I remembered that someone told me to measure the inside of the balance from old to new. I remember that the old one was about 1/16 deeper than the new one. My question is, could I drill out 1/16 from the balancer or shave off 1/16 off the crankshaft with a grinder?