I'm very interested as to how the bitting is changed, as I believe the rekeying method to be:
Insert working key and turn 90 degrees,
Insert tool and remove working key,
Insert new key and remove tool,
Rotate new key back to neutral position.
So, assuming the key pins rise above the shear line as the key is withdrawn (which they would) there should be some drillings at the 90 degree position to facilitate this. If the new key is then inserted and leaves some of the key pins protruding past the shear line, how would the plug be able to be rotated back to neutral? The only way I can see this method working is to employ the usage of MK pins, but that would probably result in an easy pick. Since two very accomplished pickers have had a go at this lock, I believe this not to be the case.
As Chucklz mentions the keyway stopping at half length of the plug, and Ray also saying that the plug diameter is pretty large, could there be some sort of lever system used at the front, which acts upon the rear half of the plug, in conjunction with MK pins?
Or perhaps I'm talking out of my Donkey.
*sits eagerly awaiting Chuck's post-mortem*