Tool may help with removal but highly doubt you'll get the new ones in with it...
You can get it out with about $5 worth of threaded rod, washers and nuts from HD and the c clamp bearing loaner tool you get from autozone for free. You would have almost paid for a 12 ton press for what you paid for the Ebay tool. Unless it is a high grade/hardness rod and you have a high torque impact gun, that wont cut it.
I did a full subframe bushing over haul with bw solid subframe bushing, purple diff bushing and black camber arm and trailing arm bushings. All but the subframe bushings were cake to remove using threaded rod, washers and the loaned c clamp I mentioned above
Let me know if you have questions about set up.