850 crank must be split to regrind as flywheel overhangs big ends but 750 does not. But given the fact the shells have chewed up the rod there may be shrapnel inside the crank as it tends to get everywhere so wouldn't hurt to split an clean it out.
I had my crank reground by Mick Hemmings and reassembled as i wanted to make sure the radius was done correctly (see resent post by some unfortunate member who's crank was ruined) and it was tightened up correctly. I realise that as it is a part sold by him that caused the problem he may not be your favourite supplier right now but i would still take it to him as he knows what he is doing.
I had my crank reground by Mick Hemmings and reassembled as i wanted to make sure the radius was done correctly (see resent post by some unfortunate member who's crank was ruined) and it was tightened up correctly. I realise that as it is a part sold by him that caused the problem he may not be your favourite supplier right now but i would still take it to him as he knows what he is doing.