I don't know if it's just me, but the DML emails seem to have been
delayed by several days...
 
 
Anyway, I don't think you could install it backwards because I can't
imagine what would hold it in place.  Also, the idea of cutting a bushing
seems counter-intuitive.  I would suggest your best option is to just get
the POR-15 solvent, and do it the right way.  I'm assuming the part that
is seized is the U-joint to the splined steering column shaft?
 
 
Changing the bushing isn't bad at all.  It's only a few bolts and
a plug to remove the steering column from the car, replace the bushing, curse
for 5 minutes because you keep collapsing the column when you try to put it
though the bushing, then eventually reattach to the U-joint on the steering
shaft.
 
 
Just make sure you precisely mark the joint to the shaft before you
disassemble or you'll have to waste time straightening your steering wheel.