I agree with Phil Saunders. If the blade hits somethng, it will stop immediately, but the flywheel will still move slightly, and shear the key. This is OK as it is supposed to shear the key rather than damaging the crank and/or flywheel. Since the flywheel has shifted forward, it advances the spark timing to where it will fire too soon which will make the rope jerk back. Unless you have the right tools, don't try to remove the nut and flywheel. I have done it using a crowbar to hold flywheel, and pipe wrench to losing nut--I don't recommend doing that though
Robert Brown, September 2008