I had a similar situation and eventually wound up carefully drilling out the majority of the old pin. I was then finally able to get enough of a bite with a small pointed chisel to deform and drive out the old pin. I was unable to locate a correct size replacement locally. I think I determined that I needed a #7 taper pin 3 1/2" long to get something that I could cut down to the right length and still have the correct entrance and exit dimensions with enough left to peen over. I hate waiting for parts that I am going to have to modify anyway, so I wound up lining up the camshaft and collar on a drill press, with the remains of the old pin. I drilled out the tapered whole straight and now use a 3/8" allen head shoulder bolt and nylock locknut(available at most any hardware store) to retain the collar.. I could have also used a spring steel rolled compression pin, but I already had the long shoulder bolt I needed in the shop.
With that much camshaft gear offset, how well does the fuel pump roller line up with the cam lobe?
I like the split collar idea. With a dowel pin in the original hole, I think that would work very well also.