Ok guys. I just had my friend do this job last night. It took him 1 1/2 hours. He did just what Horseydug suggested, he cut bolts and re-install with nut on top, retained with cotter pin. My friend has been wrenching on cars for 20 years plus. He said if anyone doesn't have a torch, or the proper tools to not do this job. He said it wasn't very easy job to do. Especially if someone skills don't go past an oil change.
I just wanted to let you all know how this repair would be.
I hope this helps any of you with questions.