Salvation Data's HD Doctor for WD is a far cheaper tool for a one-off job. It should cost you less than US$600, and afterwards you should be able to resell it for $300.
I'm not a data recovery professional, but here are two articles that appear to illustrate the required procedure.
Case Study on WD ROYL Drive Using WD Utility (regenerating ROM data)
http://www.salvationdata.com/blog/data- ... y-tools02/Fix Identification Problem caused by Corruption of ATA Overlay module or ROM content (ROYL):
http://www.salvationdata.com/blog/fix-i ... m-content/BTW, which chips were damaged?