Been there done that. I think the tool of choice was an air-driven cutoff wheel. Cut the head off the bolt, get the shock out of the way, then attack the rest of the bolt and the U-nut. Then add new U-nuts to the parts list.
The cutoff wheel and small acetylene torch set are my best friends for this sort of project.
As for pace of progress, I have satellite TV in the garage, it has a good heating-A/C system, and a nice comfortable chair. Just sit back, relax and think it through. It took me about three years to complete my last restoration and based on pics the car was in similar shape to yours when I got started. But I really enjoyed "living in the garage" during that time.
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1969 Lemans vert, matador red, 462 CI, 3.07 12-bolt posi
1974 455 TA, admiralty blue/red interior HPP "cover car" - sold
"The best way to show a car is to drive it"
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