Joe, some pros and cons on the #1. It would cost more for a rebarrel on a #1 than for a Rem 700. The extra work would be setting the headspace and breechblock clearance and marking the extractor/ejector cut and then setting up and milling the cut and making the barrel back up again. Then custom fitting a scope base to the barrel and drilling and tapping the barrel for it. And finally, making and installing a barrel band sling swivel. The action is tedious (slow) to reassemble and unpredictable for accuracy.
A very large plus is having a 30" barrel in a handy overall length and bullet proof reliability.
They are very nice actions to build on, but I wouldn't recommend chambering one with anything bigger than a std. mag case head.
Since you really like single shots, it's probably worth doing, but for sub 1/2 moa, I recommend a bolt gun.
Good luck with whatever you decide on. Remember, these are just my opinions. Tom
Texas State Rifle Association Life Member
NRA Endowment Life Member
A big fast bullet will beat a little fast bullet every time
Last edited by specweldtom; 08-20-2008 at 05:41 PM.