Using a hammer won't take any metal off, but if you screw up and knock your mag tube out of round the 870 has to go back to the mother ship for replacement of the tube. It is not user replaceable.
File, dremel, drill. Easily done without major risk of screw up.
Yes use a mag tube clamp. Otherwise the first time you knock that extension against something you can bend your mag tube. (see "trip to mothership" above).
Also, for God's sake use a quality mag tube extension. Avoid Tacstar and ATI like the plague.