I’m in a unique position of being able to answer this question and provide some information on E30 steering column lowering.
The column is attached to the bracket using M8 ‘shear’ bolts, where the heads shear off once the correct torque has been reached - this is both a safety and anti-tampering measure.
If you can’t weld some nuts on, try drilling out the centre of the bolt (but not the thread) and using a stud puller (reverse threaded bit) or cold chiseling some slots to grab it with a pair of multi grips or turn with a screwdriver. Lots of swearing helps!
I removed the bracket, and it’s side mount shear bolts and replaced them all with regular M8 8.8 grade bolts. I machined up two cylindrical spacers for the lower mounting bolts, 20mm OD, 8mm ID, 16mm thick. This resulted in an overall drop of the steering wheel of 25mm (1"). My boss kit was approx 95mm long, and I was also using a Lifeline Quick Release at the time (55mm long). This 16mm drop (at the bracket) equates to a change in column angle of less than 2 degrees. I would highly recommend the use of a fixed (single piece) spacer over a stack of washers.
This modification became necessary once I moved my seat into the most comfortable position for my 188cm (6’2") frame; but I have long legs and average length arms. The quick release brought the wheel back far enough, but it was way too high to be comfortable or practical.
I can report that there were no ill-effects from the column height change; the big effect was that my race car was WAY more comfortable to drive.
If you take a look at this old thread: http://spece30.com/component/option,com_kunena/Itemid,94/func,view/id,29463/catid,16/ you can see how the spacers are installed on my car.