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...is this mysterious bolt under the seat cradle something that might be undone and the cradle rotated,
I don't think so but that looks like an inline post? In whch case, would you even need to rotate the cradle? You see bikes with back to front Thomson posts all the time.
If you go for using the clamp, I'd get the binder off rather than just cutting the seattube. Hacksaw/file will work but it'll take a while, it's a one or two minute job with a brazing torch to heat it up and pull it off leaving minimal filing of the brass or silver to be done but probably resulting in greater area of damaged paintwork.
M_V
Or is this mysterious bolt under the seat cradle something that might be undone and the cradle rotated, in which case I might be able to make it work after all? Either google or tomorrow will tell.