I pulled the rear window out of my 69 notchback recently. I didn't try to save the gasket and cut on it. When the window came out, it had black mastic on the bottom edge. The mastic may make it slightly harder to save your old gasket, but, what the heck, it's worth a try. Maybe you can lube the round rubber part with dish soap as you go. In my case the round rubber stayed together, and the main gasket was in pretty fair condition for its age. If I had made an effort, I believe I might have saved the old gasket without cutting on it, but I had already bought a new one.
For tools, I'd use wood, not metal. Any chip or damage to the edge of the glass is bad since it is tempered, meaning it is unstable if any defect is present.