Not sure if this is an option, but if you want more out of it, and feel like shooting those magic bc .338's you can just replace the barrel with a 338/300 (or 338 EDGE from Defensive edge and Shaun Carluck (Its mispelled, sorry Shaun)).
My original plan was just to get that, true the action, replace with a Pac-Nor barrel and bed using JB-Weld (Cheaper than the Accu-Glass
), put on one of my many Tasco 4-16x50 scopes with a 20 moa base. (I have a bunch of those TasCos that i bought for $100 at a gun show, not a great scope but for the price i can put one on everything, and $10 you cant beat).
For under 1K i think you could get this set up nicely and then next tax return get a new scope.
(I am not a gunsmith and not very experianced with this so please take with a grain of salt, and consult a compent gunsmith and do not take my word. I would hate to have you blow 1K on something i reccomend when it may not be anything great).