Like ebf said, I have a Omark 44 with all the mods Nielsen adaptor bolt head pin removed and wielded up Timney trigger the Omark takes Rem 700 triggers the original Omark can be modified to a three lever I had one makes them
very good but probably cheaper to fit a Remington, It's fitted with a True-Flite 30" 1 in 13" PALMA .308 barrel I built prone stock for it, It is a 1/4" MOA rifle but it still not a Barnard I have one of those as well, if you want a long-range rifle on the cheap they are great, with the Nielsen adaptor changing barrels is easy any of the .308 case size calibres will work, in OZ there are 5.56/.223 conversion kits available the firing pin spring needs replacing Omarks are prone to light strikes mine has a 32 pound Wolf spring fitted hits like the hammer of Thor,
You would probably weaken the receiver too much by cutting a magazine well into it, a single shot is not that much of a handicap it's all we had until 1859 when the Sharps .54 cal came out,
Buy one and do the mods over time it won't seem as pricey with the cost spread out over a few months you will still have some thing to shoot while rebuilding it get one with scope bases upgrade the trigger
and you're good to go.
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