Mike,
Many of us have had this problem and as Ted says some resort to sawcuts, drills, dremels and the like. I've had to use some or all of those methods in the past but have discovered over the years that the reason for them resisting most attempts at removal is not that they are seized by the thread but by the larger area of contact under the head. My usual 'go to' method is to take a 3/8 punch and strike the head from as many directions as available - including axially unless space is restricted. Then try again with the JIS bit in a ring spanner. If that fails, then the next attempt will be with a sharp small chisel radially on the edge of the head to try to spin it a tiny amount.
In your case, with one screw removed, have you tried striking the insulator on the alloy part anticlockwise to start the loosening process? Only the O ring is stuck, there is just a metal to metal joint with no spigot.
Ian