I got really skilled with an easy out when I was building both decks on the house, as the finish screws were a small size stainless steel, which won't take a lot of torque before the Phillips head would strip. If the screws would bind at all going in, the driver tip would slip, and there went the screw head. It always seemed to happen just as the screw head touched the deck material, not leaving enough to grab with a vise grip, but still sticking out too much to just leave.
The kit that I bought was at Sears, I think, or maybe Home Depot. Nothing fancy. It came with 3 different size bits. But basically I would drill into the screw backwards using the slowest counterclockwise speed possible with the electric drill (mine has 3 geared speeds plus full variable), and when it got deep enough, the bit would bind and begin to turn the screw counterclockwise, and it would come out. Frankly I was surprised at how well it worked. I never broke the easy out, and I must have used it on 25-30 screws before it wore out enough that I bought another one. Great little tool.
Cary