Again, the problem with using a disc to cut into a screw is that it will not give you a good cut. If the screw is 0.3" diameter you need a disc about the same diameter, or basically the size of the shaft on the Dremel. A larger disc means you're going to cut into the surrounding material. A disc also means that the slot you cut will probably have walls that are not parallel, so the force exerted when you try to back out the screw will actually push the sides of the head away and down, which is why those screws strip in the first place. And last, unless your screwdriver has a curved blade, you can never get to the bottom of the slot and are more likely to be off center, which again leads to striping, or the screwdriver jumping out of the slot and making a nice mark on the material.
If you can't do anything else, go get the darn thing EDM'd and be done with it.
I've fixed, or tried to fix, too many buggered screws to be bothered anymore. It's usually a case of making the problem worse when people who don't have the right tools get a visit from the good idea fairy.