Thanks RedRocket, something like EDM was going to be my next step, after trying a couple of other things first. A neighbor is a welder/machinist, and mentioned something like EDM, but said that he would need some time to work on it. I tried two other methods I heard about, and
one worked! Or, maybe it was a combination of the two.
First, another machinist told me that WD40 wasn't good for much, but when it comes to loosening steel in aluminum, it works better than anything he knew of. He said to heat the Aluminum up to about 350-400, work as much WD 40 as possible around the stud, and try tapping counterclockwise on the exposed part of the stud with a hammer and chisel. I tried that and didn't seem to accomplish much.
Then I tried a type of stud extractor that slipped over the exposed part of the stud Called the Power-Grip, from Irwin.

The ad copy says
Quote:
Features reverse spiral flutes, designed for maximum gripping power on fasteners. Lobular design fits both metric and SAE sizes. Power groove works with most quick-change adapters. High carbon steel 1/4in. hex shank
It worked pretty well. My first attempt after driving one of the extractors onto the exposed part of the stud resulted in breaking off another eighth of an inch of stud in the extractor. I ended up having to put the extractor in a vise and drill out the broken off stud parts with two progressively larger holes, then use a standard type EZ-Out to remove the rest. The second attempt at the stud was successful. after hammering it on firmly, I put a few pounds pressure behind a wrench on the extractor, and I got a hot little geyser of WD-40 and steam out of the recess the stud was in, and it started turning right out.
Now, to find a replacement stud.