I've had reasonable success with this style
https://eshop.wurth.co.nz/HSCO-spot-weld-drill-bit-TIN-coated-DRL-SPTWELD-TIN-D8MM/07100088.sku/en/GB/NZD/
Or just using a cutoff wheel on the sacrificial panel side.
Has it been driven much lately? Might need a tweak on the adjusters, particularly for the mechanical rears.
Should stop OK-ish even from that speed, will need a bit of a push on the pedal.
I think if you have the original lap belts you are ok but if you replace them you need to upgrade to 3 point mostly.
I still have the original lap belts in the 64 Mercury.