Now, we only used the H&P Sling to remove the engine a few years ago, and unfortunately, we returned it along with the "borrowed" engine, which, by now is probably in the smelter.

.. (A little fortune-telling at the time would have been very helpful.)
It attached through the "Eyes" by means of large shackles..
The Boeing Sling, has two cables in the back. They have large eyes and clips on them. The slip over the special nuts that are part of the mount atttachment at the rear of the engine down low. The clips lock them on.
It only interferes with one generator so it is designed to go around it. It does not interfere with the other.
I don't think I'd attempt to remove or attach an R-4360 power pack with the prop on. The power pack itself weighs 10,000lbs and include a 17foot 43G60 propeller? You are asking for a overweight unwieldy combination. I wouldnt recommend it.
Also, it collars you refer to are the extra "fin" looking outgrowths encased in the black material at base of the prop shaft, we were advised by Paul Gaither of Aviation Propeller that those are not to be removed from the prop because they provide most of the cooling at idle, and if you know anything about the R-4360, cooling is a major issue. I wouldn't f with that if you plan on running one.
_________________
Kevin Kearney
Vice President
Berlin Airlift Historical Foundation
C-54D "Spirit of Freedom" 43-17228
C-97 "Angel of Deliverance" 52-2718 (painted as YC-97A 45-59595)
C-54E/R5D-4 "Spirit of Freedom" 44-9144 BuNo 90414 (wfu April/2020)http://www.spiritoffreedom.org