Hold on now. Before you try anything drastic try this:
1- tighten down your other screws again to put down pressure on the base. This takes SOME pressure off of the one that's stripped.
2- use a soldering gun to heat a specific spot (the screw head for example) instead if a "torch" or soldering flame.
This should work.
IF it doesn't, repeat the steps but ADD the step with j.b. weld on an Allen wrench you intend to use only once.
If these both fail, TAKE IT TO A SMITH who has a drill press, & a way to clamp everything in level. If you try this step with a screw gun your playing Russian roulette, & eventually, when you do take it to your smith, after royally messing it up, he will be very unhappy with the pile of $#!? you lay on the counter to say the least.
These DIY methods are proven to work & save $. BUT to truly save $ stop BEFORE you mess it up. You'll be $ ahead by doing so.