Fred,
While all the advice I got was awsome, I actually used the last method suggested. And for removal, I am convinced that method was the best for my situation. My CA sleeves were rusted pretty bad.
I got a long hole saw, (1 1/4" dia. I think it was, not sure right now I'm not at home), and drilled out what was left of the old rubber bushings. (Use the hole saw without the center drill.)The control arm shafts will then be loose. Then I used a good strong sharp chisel and hammer
to pursuade the sleeves out. This worked well for the upper and lower CA's.
Now reassembling them with new bushings and sleeves was not as easy. I tried making a jig out of roughly 2" dia pipe. I cut a long slot out of it in order to go over the control arm shaft and not get into the way of the sleeves. That didn't take too long to do, I got it to fit snug inside the upper CA's. But when I tried to press them in I realized that my arbor press just didn't have it. It's was way too small for this job. You need a pretty hefty press to do this. So I actually brought everything to the local Corvette shop and he pressed them in for me. I had the arms blasted and painted before I brought them over. And since everything was clean, new and painted, he "only" charged me 20 bucks per CA. I guess that's not too bad.
Anyway all that is done and with everything else in the front suspension new, my car feels great! What a diferrence.
I hope this helps, let me know if there is anything I left out.
-john