Frankly, after getting the hang of cutting these rear bolts out, that would be the way I'd go with no hesitation. I'd give one yank on a pipe over a breaker bar. If that doesn't start the bolt turning out easily, then grab the reciprocating saw along with 6" and 4" blades (Diablo or equivalent), and cut it out in 10 minutes or less. One cut on each side of the bushing, and then turn out the remaining bolt top section.