I removed the entire rear lens cell and now it will be possible to get infinity on a Panasonic or similar camera. However, as I said, image quality suffers.
However, being experimentally inclined, I think we should dare to split the 2-group rear cell as there cannot be much refractive power in the very last element, plus there should be an airspace to effectuate the split line. The two groups are joined by a metal film (to my eye), thus judicious use of a thin chisel or similar should do the trick in prying the groups apart along the air space.
If this strategy works, there should be little problems getting the "Infinity Rayxar" functional on a bespoke m43 camera with a nice high-resolution sensor and good ISO performance.