The bearings set onto a register machined in the wheels themselves and don't bear on the spacer. I used the handle to my 2 ton jack to bend the spacer enough to sit a small drift on the inside race of one of the bearings and drive it out evenly. Put spacer aside, flipped wheel over and tapped out the other bearing, all the while supporting the wheel and tire on two 4x4s. I heated the hub with the brake rotors and tire still attached until I just felt like it was hot and had the bearings sitting on ice in a cooler (took it to a Best Buy where my friend works in the audio install bay and they have a heat gun I could use), the first bearing dropped in most of the way, and a bit of tapping around the outside race brought it down to the register. Flipped the wheel over again, put the spacer inside without unbending it to make life easier next time I need to change them, and tapped the other bearing in until it hit the register also.
In my mind the spacer is only there to keep water from entering the axle area so I just loaded up the axle spacers with grease where they meet the wheel bearings and called it good. 5k miles and no problems, YMMV