I could not get your pic to open, but I think I get the gist of it....
If you can get a decent size hole drilled in the bolt... I would try a reverse thread tap and then screw the reverse bolt into it. If its not in there to tight, you should be able to back it out.
.....Of course a 'pro' is always going to recommend the "heart transplant" option. No doubt, this is probably your "best" option, but a lot of work without a lift, tools, and experience tearing into mod motors.
For starters.... Pull that darn radiator!! 10m of work will at least get you a better perspective on things!! Its gonna come out anyway, if your cant extract that darn bolt!!
Already snapped a hardened extractor into the pilot hole :mj: Still trying to clean up that mess. Also, way ahead of you, radiator is out and it definitely does make it easier to get in there.