it will come off if u pull hard enough. i did it with the engine off, with a "special tool" bolted to the balancers hub . i broke a hex key on it (22 mm on m21) but eventualy it came off. (1.5 meters bar helped).
cutting it/drilling it out doesn't rrealy seam doable as it's a M18 12-9 class bolt. it other words it's extremly hard, or they don't come much harder than this.
oh, and if you loctite it, it ain't coming off again