On an old APB that was similarly stuck fast, I didn’t thump the suspension adjuster at all! I removed it. I’m sure hitting the adjuster will just lead to bigger bills!
Can you take the spring out? On the later APB and TSR’s the spring is held in place by a removable roll-pin. If it is the same, remove it and the spring. But earlier APB’s had a bar welded in place and that can get in the way – if so you just have to work round it!
Then I’d lubricate EVERYTHING you can and wait. You might find that will be enough for it to relax it’s grip. If not you can work down from above with a long bar pushing the bearing from above as – but you are going to have to try to work the bearing up and down slightly – so use a big hammer with a long drift – until it frees off and comes out.
Once it is out, clean up the inside of the tube (a light hone would be ideal!) and get a new bearing!