I'm no expert, but I'd be surprised if the beam is shot. The kingpin usually "locks" to the beam on the tapered center section. It's the steering knuckle that rotates on the kingpin and takes the wear. Removal sucks, there's a special + shaped socket for them. Tool also comes with a thread chaser to clean it up before reinstall. My dealership was nice enough to lend me theirs a couple years ago for my '95 RD688S. Disassembly is basically block up axle, remove wheel and brakes, remove cotter pin, remove + nut and top cap, place an old kingpin on top of the kingpin you're trying to remove and beat it with a 6 or 8 lb sledge hammer. It'll drop out eventually. Remove the upper and lower bushings, polish off any burs, install new bushings, thrust bearing, pin, etc. Install + nut and cap, (cap is supposed to get tack welded on so grease pressure doesn't push it off...) The purpose of the + nut is to set the spacing of the steering knuckle in relation to the axle beam. The beam is supposed to "Float" in between the upper and lower knuckle bushings without making contact. Book spec's so many thousandths of an inch of gap.
Tools needed:
usual wheel/brake tools,
+ Nut tool kit
Big ratchet or gun to spin + Nut
Grinder if top cap is tacked on
Big sledge hammer and punch
Normal hammer and socket or chisel to remove bushings
Probably missed a few things...