FWIW, I put u/d pullies on my T-Bird with a March 1158 Fluid U/D harmonic balancer and let me tell you what happened. I didn't have any weird noises and gained like 3 MPG which just tickled me to death.
Well, about a month later, I was going down the highway at ~70 MPH when the engine just quit. I had a funny feeling it was the trigger wheel and guess what? It was. It completely shattered. The only explanation I could come up with was a didn't have the harmonic balancer on all the way. I used an impact and a torque wrench to properly torque it, too! When I replaced the trigger wheel and put on my 1158 (for the second time), I torqued the balancer, then tapped it with a hammer, re-torqued it, tapped it, re-torqued it until I knew it was on proper because it just wouldn't go on any more. I haven't had any problems since.
Yes, a Harmonic Balancer Remover/Installer would be the proper way to do it and I would highly recommend one.