A good-sized set of Vise-Grips and some really tight adjustment, and you should be able to get it off. A good hit with a propane torch will help significantly, as the Loctite will liquefy at propane temps. I'd suggest hitting the 'grips with a mini-sledge hammer, that way you're "impacting" it off. Good luck.
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Capri306, Moderator, The Mustang Works Online
1979 Mercury Capri, 5.0L -- C4 -- 2.73
1987 Mustang LX Notch