My experience installing the rear springs was just like cyberstang5.0, right down to fighting the axle to get the bolt holes to line up again.
After the nut was off, I used a breaker bar for this, I found tapping one end with a hammer while turning the other end helped back it out some. I also made several adjustments to the floor jack under the control arm to find the easiest path.
Not sure if cutting one end of the bolt off will help since you will still have the bolt in the hole, just no way of getting it out.
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