Now weld that to a slide hammer and you're good to go. As for pulling pegs with it, you might could just grab the peg.
All we've used them for is pulling nails -- the stubborn, broken off brittle kind. it is helpful to sharpen the beaks a little for nail pulling -- the hammer drives the jaws down into the wood around the nail, you clamp the nail really tightly, and use the slide hammer to withdraw the nail, causing minimal damage to the surface of the wood.