Of course using multiple characters (alts) breaches the terms of use contract. I would reject advice from anyone who encourages cheating as a solution.
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Well, I also proposed to get rid of it entirely since it really serves no purpose other than to punish players who are on less active servers/realms by making it more difficult to get to next-level bosses. A solution is to remove final blow, and reduce the time limit from 15min to 12min. After the fight, a random player is chosen to get the reward, and the text is changed to, "Great luck! Morgan is able to find Baal's still warm heart after the fight and is able to pawn it for 10,000,000 coin!"