Dead easy Ollie, on a ramp, not rushing say 15 minutes to change the balljoint on its own, add another 10 minutes if your changing the whole arm. You'll need sockets and spanners, 16mm, 18mm, hammer, small punch.
In a nutshell if your just changing the Ball Joint. Crack off both red bolts, take the nuts off. Push them up and remove the bolts. Next WD40 the nut on the other end of that blue bolt. Undo the nut holding the other end with a spanner. The bolts more than likely gunked up loads from age, spin it with a airgun/ratchet until its nice and free, tap it threw gently with a copper hammer. If your built like Robocop, grab the balljoint and pull down and it'll come out the bottom of the hub, if your built like Timmy Mallett get a balljoint splitter and hammer it in where the arrow is on the pic. Basically forcing a gap between the hub and ball joint. It'll come off.
Re-fitting is the reversal of removal...
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When you push the new balljoint in, look threw the gap where the blue bolt sits you have to line it up, theres a groove in the BJ where the bolt is basically.