The bit in a socket is a great idea. You should also place the bit by itself on the screw head, and if you can get a hammer in there, tap on the bit to see if it will loosen it up any. It might also help to better seat the bit if the screw head has rounded any.

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1967 W110 Universal Wagon, Euro, Turbo Diesel, Tail Fins, 4 Speed Manual Column Shift, A/C
1980 W116 300SD Turbo Diesel, DB479 Walnut Brown, Sunroof, Highly Optioned, 350,000+ Miles