Originally Posted by
blackboat
The bolt has obviously seized in the hole.Do what I said in post 2.If the tiller is iron,find a body or repair shop that has a magnetic induction heater.Have them heat the end cherry red and screw it out from the bottom.These heaters are super fast...no flames or collateral damage like a torch. Hole threads won't be damaged but you will have to do a little paint touch up. You might try double nutting the bolt instead of the Vise grips deal.In your situation,the mag heater doesn't affect stainless so the bolt itself doesn't heat,only the iron around it,which is what you're looking for.
WARNING:
Don't do this as it very well may cause internal stress when cooling that could result in a broken tiller putting you in to the fastest u turn you can imagine and you will no longer be in the boat. Never weld on steering components or heat them above 500 degrees, It would require a oven to slowly reduce the temp over at least four hour time frame to stress relieve it.
Find a machinist in your area that will have the right tool to remove it.
There was several methods of freeing up that bolt before it was broke, dont go from bad to worse