A hacksaw will sometimes work for this purpose as well, just go slow and be careful no to go too deep. If the screw is not torqued in there too tightly it should back right out. This is one reason I'm not a big fan of allen head screws, especially some of the smaller ones, they strip very easily.Can also use a cut-off wheel to cut a slot and turn it into a conventional slotted screw.
I have set of those and forgot all about them... Too many other toys I guess...these should be in everyones tool box
http://www.rockler.com/product.cfm?page=25079&site=ROCKLER&uuid=&sli_sid=
the pro grabit...they are pretty sweet