Posts: 389
Threads: 5
Joined: Apr 2005
If I pulled the water pump I would replace it and as Dave mentioned the timing belt, balance belts and associated rollers.
How many miles does your 968 have? You might want to replace the variocam pads and chain as well. Next time the timing belt is off the variocam pads and chain will be changed on mine.
Posts: 389
Threads: 5
Joined: Apr 2005
Avoiding the conspiracy theory all together, I found heavy duty circlip pliers at autozone for about $15 that were able able to compress the big circlip. Before going to autozone I spent over an hour trying to remove that damn thing.