In this particular instance, given that both bolts are factory setup for the 110BA action - which comes in both calibers - yes, it does.
Back when I originally started the project - like 6-7 yrs ago - I thought I'd just take the bolt apart and swap the bolt heads, like you would on a SA caliber like going from .308 to .223. Oh no. The thicker bolt head for the .338LM means the firing pin has to be adjusted out longer. The gunsmith I was working with on the project at the time had a copy of an old article from Precision Shooting on adjusting the firing pin protrusion for Savage Actions, by Bob Greenleaf. Great stuff. Long story short, it's *not* nearly as simple as swapping parts around on the bolt. I probably could have got away with an extra firing pin assembly - one set up for the .300WM, and one set up for the .338LM, with just one bolt body, handle, etc. As it was, I decided it was just easier to have two complete bolts all s