Well, for what it's worth, I've actually witnessed on video, the "Disgruntled Mechanic" knock the upper and lower ball joints out of his Silverado with the hub intact. I can't say much for his technique but he got results.
Now if the rust and corrosion isn't too bad, I'm hopeful that it can be accomplished in an afternoon. About the only tooling I'll have to get is the adapter set for my ball joint press.
Prior to any of this though will be some seat time in the truck to determine what else, if anything, should be replaced. I may end having to do the hubs after all. This is a recent purchase that's actually a replacement for my dead in the water 2006 version. For that machine, I've a Tech 2 scanner on order and with any luck, I'll soon have a fleet of Tahoes at my disposal.
Thanks for all of the input to this point. I'll welcome any and all contributions.