1) - That's really up to you. Old volley sights in particular can be picked up pretty cheaply on TM or Ebay fairly often should you want to run open sights, the gradiated versions are a little more expensive but still not too hard to come by, the alternative if you want to run a scope is to look at say somebody like this: who make a scope mount that you can use the existing irons with and don't need to modify anything. Depends how much you want to spend really.
2) - Personally I wouldn't use woodglue I would use araldite or something similar, it's just stronger is the reason. That said now you have oiled it you will probably not to want to be sanding it flush as it will mean you will have to reoil it. The advantage with woodglue is that it wipes off when wet, not so much with araldite. If you didn't want to resand and then reoil you could drill out the hole, dry fit the wooden dowl, cut and then sand the rod, dry fit, sand, dry fit, sand etc till you have got it as close to perfect as you want. Then you could redrill the mounting points. Personally I would trust dowl and wood glue (well I would use araldite) more than wood fliller, plus glue drys clear. Wood filler looks like balls I think.
3) - Ah. Recoil pad. I've fitted one of these before and it's a pain in the ass to get it perfectly flush if you haven't done them before. What you should really have done is fitted and ground it before you did the oil. Don't feel bad, I made the same mistake! Are you sure it's concave and not convex? If it's convex there is a way but it's tricky, it's concave.... good luck if you want it to fit you'll need to reshape the whole thing.
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