I had a similar problem a couple years ago where the sheaves for the genoa furling line was bolted to the toerail with stainless steel threaded fasteners. Tried multiple applications of PB blaster & Liquid Wrench over several days. I eventually destroyed theSuggestions and comments from all of the experts?
phillips heads on the threaded fasteners. There was sufficient space for me to cut a slot across the fastener head using a separating disc with a Dremmel tool. I used the largest flat blade screw driver that I had with a rectangular shank & a large crescent wrench and vise grip pliers attached to the shank for greater leverage to break the corrosion. Worked for removal of six threaded fasteners.
I would definitely try heating the heads on your bolts also. Worse case, grind off the heads and use a punch to drive them out or drill them out. Hopefully your fasteners are not threaded along the entire length and the C clamp idea might work; however, if completely threaded, you'll have to drill them out completely. I used copious amounts of Tefgel on the new fasteners to hopefully simplify removal when I attempt to rebuild the sheaves in the future. Very frustrating how such a simple procedure can take days to complete.