Truckin4life
Texas Chapter Leader
You know, as I'm thinking about this, I'm remembering something my grandfather taught me. (He was a machinist and shop foreman for a world-leading machine-tool builder.)
He wouldn't use EZ-outs on anything as small as a t-stat housing bolt, ever. Left handed drill-bits when he had the right size, but otherwise right handed ones, just start small and drill the entire bolt out until you hit the minor diameter of the bolt, then needlenose to break/collapse out the "shell" of threads that was left.
If your hands are that steady, so steady you can get that close but not mess up the threads, then i owe you a beer.
Easily done with a drill press, but with a corded hand drill?
Could be done, but you would be the next billy bad arse.