I would think it is possible
although I've not done it, and this based only on the pretty much anything is possible school of thought.
Drilling out and reinstalling rivets is easy - speaking from lots of experience!
The question is whether there is reasonable access to reinstall what you drill out, and how much of teh fuselage you have to dismantle - in other words, are you prepared to do it.
If you look at the installed F-604, you will immediately see that to remove it, you will have to figure out how to get it out from under the upper fuselage longerons. You will either have to remove the rollbar (if it is a slider) and the canopy deck, arm rests, etc. Even then, it amy be impossible to tilt it enough to clear the longerons. Alternatively, take it our from the bottom, which would necessitate at least partial drilling out of floor skins (and only if the width of the structure is not more at the top than the bottom.
Possibly easier to take the F604 apart in situ, and pull it out piece by piece, and reinstall the new one the same way, if access allows.
You would want to use a false spar to get the spacing right, and be careful to keep any twist from developing in the fuselage. In taking out the F-604, you would ideally want to have a jig to keep everythng straight.
So, I think it is possible - its more a matter of whether you want to do it, which probably isn't a very helpful response.
Bill Brooks
Ottawa, Canada
RV-6A finishing kit