Stan, I have used titanium drill bits with success. You must center punch in the dead center to get the drill down the center of stud. ( use lube) Then use ease out . be careful not to break ease out out in stud. Get the most expensive ease out you can find. The cheap ones will break fast. If that doesn't work ,drill out stud a little at a time. Worse case you put a helli-coil in.
My 2 cents, probely what it's worth
Good luck
1973 express FB 32ft
twin 318
"Southern Lady"Chattanooga