The Original BMw toolkit had a hollow, open-backed wrench that one could use to tighten the nut while keeping an Allen wrench/key stuck into the end of the pivot pin to keep it from turning. Unfortunately, this didn't allow one to actually use a torque wrench on the nut.
I generally get the pivot (allen key) tightened up to spec, or just under, and put a dab of whiteout or some sort of temporary paint on the top "flat". I get the nut tightened up so that it is snug but not up to its spec'ed torque. That way, if the allen-keyed pivot does turn while I am getting the nut tightened up the final bit I can visually tell that it has moved, and may have to loosen/re-tighten things.
I don't think that you have to be EXACTLY dead-on as far as torque tightness goes, but too loose is very bad, and very tight is also quite bad as it will prematurely
wear out your bearings and will mess with the handling. There is a fairly reasonable "zone" of acceptability, I think.