I dremeled up from the bottom with a dremel cut-off disc (went through about 5) to maintain as much of the torque box as possible for the nut to just fit inside and leave enough torque box to weld the washer to.
It took a good hour of patience but was really about maintaining usable material.
I'm really anti-tub cutting for most of these 'below-frame' jobs. The size of the hole you'll need to get useable tools inside would make a fairly large hole in the tub that then needs to be sealed (again, weld, RTV, or seam-seal).
With the bolt already broken, I don't see a hole in the torque box side being helpful either as that's best cut to apply rust dissolver before you try the bolt. Tooling down the nutsleeve from the side or top is basically as painful as it would be from the bottom.
Note, If you cut down/out the nutsleeve, you'll need to put in a nut as a replacement. Either with a wrench from the side or welded to a nut from the bottom.
Second note, 'nutsleeve' is my term. I forget what it's called but it's basically a nutsert created in sheet metal. Unfortunately, it doesn't just drill out like a nutsert.
I don't have pic on-hand but can post pics if it'd be helpful (it'll be a washer welded in the nutsleeve spot as I'd bad at mid-project pic documenting).