I started writing a response to your question several times and it just got to involved with possibilities for such a relatively simple repair.
I think the best advice I can give is to obtain a copy of the Bentley repair manual.
But I will add this. The spacing of the impeller blades from the inside face of the thermostat housing is very important. It should be about 1/32 of an inch. Much more can cause cavitation in the pump and cause a loss of cooling efficiency.
I wrote a three part water pump repair guide and it is posted here.
http://www.britishcarforum.com/tikiwiki/tiki-index.php?page=TR+6