one word: heat.
- heat breaks up rust.
- aluminum case, steel bolt, different expansion rate.
also, you can try to drill couple small holes on opposite side of the flange, use punches or chisel to tap on it.
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This thing works pretty damn good. It's kinda like a 360 degree pipe wrench since the chuck threads are left handed. Might be a touch too round though. I know it hates flanged heads that tend to taper outward when they round.
Having welded hundreds of nuts onto various stripped out fasteners, I'll tell you it is very easy and effective. In this case I would use a large nut with the center about the same size as the rounded off hex and simply fill the center up with weld, let it cool, and keep all my wrenches in one piece.
Will never work on this. That nub will sheer off before those threads come loose. The mass of steel left to grip on just does not have enough strength IMHO.
First, shoot that gap with penetrating oil or product of your choice. Let it sit over night, then apply some more the next day.
[ IF . . . no welder available ] . . . I'd grind / file flat spots on both sides. Then apply lots of heat ONLY to the surrounding metal and get it nice and toasty. Carefully use a piece of ice to cool just the plug. Then put ViceGrips on there and give it whacks with hammer. This will likely bust it free and not risk tearing anything up.
Mapp gas torch and super retard-strength with a pair of sharp vice grips.
Mapp gas torch and super retard-strength with a pair of sharp vice grips.

Anybody have luck with this kind of rounded bolt remover?
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Paul
I NEVER weld a nut on if I can help it. I will however weld a WRENCH on it. You can weld the inside of the chosen box size a lot easier than scabbing on a nut [actually a nut is kinda silly, you weld a BOLT to it so you have a handle] and a wrench is pretty cheap, and it is DAMN well coming off.
Or;
Have you considered just grinding it flat and installing [what used to be called] a transmission pan retrofit drain plug?
so...weld a WRENCH or weld a BOLT do not weld a nut unless clearance is a problem.
Oh and the best penetrating oil off the shelf you can buy is Liquid Wrench. It has been tested and works considerably faster and better than anything else out there.

If you weld a nut and round it off again, you're done.
Anyway.... Lets say PRAISE TO KNIPEX. I ended up welding a nut to the thing, and while still hot, grabbed with my Cobra's, kept tension with one finger, and hit the pliers with a deadblow. Cracked loose instantly.
Pic of the pliers you are talking about?
Well, since we used clearance as an excuse to negate a bolt or wrench, let's be fair and use it to negate a bigger nut.
How 'bout this;
Go ahead and be the cool kid and just don't try it.
There is never a time to weld a bolt to the rounded head of another bolt or to a stud.
There is no advantage as to angle or leverage or grippable area. I was being the silliest person in the thread simply to see how it feels.
It feels kinda limited.