Don't know the 350, but is it a screw or a bolt? If it is a bolt, try increasing your leverage by sliding a small diameter pipe over the wrench end to help turn it off. And impact driver is a good investment for a bike, however, it is best used for phillips and flat-head screws, although mine (from Sears) came with an adapter to put a 3/8 drive socket on. But my opinion is if you can get a socket on it, you can remove it. If you are buying wrenches/sockets in the future, get the six-sided ones. Less chance of mucking up the bolt heads.
And if you're getting an impact driver, you'll need a hammer to hit it with.
Hope this helps a little,
Chris in Boston