Any lip forcing cases to split is on the OD not ID, and different design engine anyway. A normal seal has both an inside and outside lip in the inner diameter.
I'd remove that cover if mine simply to make sure of getting the seal in right. Putting them in not so much a problem, it's removing them. If you so much as scratch the OD aluminum bore or the inner spacer/distance collar the seal seals on you have leaks. If the distance collar has a wear groove from dirt riding there all the time you will already have a problem, the collar then needs to change too. A socket will work as install tool but I've seen plenty of people use the wrong size to wreck the seal instantly. The socket MUST be over the outer wall (OD), not deeper into the seal (between the OD and ID is death, the seal bends like tinfoil there).
Having changed literally a thousand seals on different things I for one can get the seal out without yanking the cover but your skills there not mine. No insult intended at all there. If you think you can do it then go for it, I do not know how good you are.
Clean the outside off good first, you are breaking into an oil reservoir there and any trash you put in the pocket has to go through bearing to get out. Another possible reason to yank the whole cover.
Luck...........