Does anyone have any ideas how much torque if can apply without the risk of breakage? Also, any additional tips from you guys that have had to do this before?
How much of the bolt have you drilled out. Keep in mind the thinner you can get it, the easier it will move. If you can get it a bit thinner then it will weaken the strength of it.
If there is still some thickness to it, maybe drill it out some more in very small increments, and not enough to get into the threads.