Greetings, depending on how the pin was fixed in the first place, you will need to retime the walscharts valve gear if fitted. Also, with Walscharts gear there is a lot of force on that pin carrying the return crank, I would suggest that you pin the crank pin in place after loctiting in with, as you suggest 638 grade.
Make sure the whole area is clean and oil free, I suggest you use the loctite cleaner, well worth it.
Regards
Brian B