Easyout will work but you have to grind it's tip most times so it will just go into the allen key hole then tap it in a little before turning, by design it will pull itself into the bolt.
That 7/16 should work, depending on hom mangled the bolt is you may need to file/grind a slight angle on the leading edge to make it easier to pound in.
That 7/16 should work, depending on hom mangled the bolt is you may need to file/grind a slight angle on the leading edge to make it easier to pound in.