I wasn't there, so I can't say anything about what happened to 630 specifically.
But generally speaking, it's not unprecedented. At least one of the Northwestern Steel & Wire 0-8-0s that ran in Illinois into the 1970s worked that way for months or years (they weren't regulated by the ICC). And I can think of a couple of incidences where one siderod failed, and the crew dropped the opposite siderod and limped home. (I know of one crew who found out the hard way not to leave one siderod on when the opposite rod fails.)
So, while it's a defect, it's not particularly unsafe to the crew if the locomotive is sound otherwise, and not operated at high speeds. I'm not aware of anything in the FRA regs that would forbid limping home - engines have been limped home on one cylinder when a cylinder head failed, for example.
The biggest impact is that of the counterweight. The counterweight balances some of the weight of the now-removed rod, so the engine will be somewhat out of balance.
The front and rear drivers carry the least amount of counterweight, because they each only balance about half of the siderod. (On 630, driver no. 2 carries some of the weight of the first and second siderods, and no. 3 carries some of the second, some of the third, and some of the main rod.)
I think the situation would have been different if the offending pin brass was on the no. 2, and of course if it had been on the main a rescue engine would probably have been needed.