A 1" dia shear pin (25 mm) is very large.
Thinking about this last night - one extra problem sprung up. We (everybody) have been considering this from the "what strength can I calculate for the shear pin?" viewpoint - then trying to figure out if the shear pin is one-sided (one shear surface), or two-sided (has two shear surfaces.) and what is the proper formula for the area.
But look also at whether you actually want the shear pin to fail (and protect the rotor and shaft from being torn up and stripped) or do you want the shear pin to be strong enough to carry any load that the rotor will get? If the second case, you will want the shear pin to be stronger than than the shaft, but under overload conditions, the pin hole and shaft will need to be replaced or re-machined after failure/overload.
in the first case, you would most likely only have to shutdown the machine and replace the shear pin.