The head on that screw looks as though someones already tried a torx bit on it so it may prove impossible to get one in.
I meant drill the head off the screw to remove the cap, then that should leave a bit of thread sticking up you could grab with a pair of mole grips...no! would that not work? I didn't mean drill to deep to be able damage the thread.
This is sometimes the best option. Use a drillbit the same size as the head of the screw. Drill the head OFF, just drill far emough to reach the threads. The cap should then come off leaving, as sight pin says, the threads hopefulily exposed. What sometimes happens is, once the tension is removed (in this case the cap), it releases the tension on the screw and sometimes you can just unwind it by hand. Or molegrips.
Sometimes...but if its rusted in, you can just move the problem to another point.
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