nope, everything looks good. Using the wood, will help "diminish" the "shock" thru the bolt, so i'd use the hammer, directly to the center bolt.
The "flywheel" removal tool, is a big ole- threaded pipe, that threads onto the threads you see, on center of flywheel, then it has the bolt, running thru the pipe, to put pressure on crank, works awesome, but your set-up will work, just need to keep smacking it.