I'd really Try the Welding, use of a Washer and Nut First. This is a very easy process. Usully the broken piece is frozen in the Block, The heat form the welding will break it loose.
Even if the bolt is broken a little into the hole, Why take a chance of messing up the Threads in the Block, and maybe Coumpounding your problem by snapping off a Not so Easy-Out.
Here is a Link to explain the Welding of Washer and nut to Broken Bolts or Studs.
http://www.youtube.com/watch?v=4BFUfGKU_ts
On those 2 bolts on the exhaust manifold I usually heat the bumps of cast iron, the bolt pockets on the backside (inside) of the exhaust manifold to red hot, then try to remove the bolts.