I remember the first time I saw a "cooked on" bearing race torched off an axle shaft. I learned there's no point in dinging up the shaft with a chisel when the gas axe will do a fast clean job.I always used heat as a last resort. It does work, but it also softens the metal (reduces the temper). And you can actually use a cutting torch and cut nuts off bolts without damaging the threads (if you use yer torch a lot).
Of course it's a moot point if you're replacing the fastener anyway.