RE: Pre 64 action
The 257 Wby is a smoking little cartridge. I absolutely love mine and I am really looking forward to trying it out on deer. Shoots flatter than a 300 RUM, kicks less than a 270 Win, and should be lightning death to any deer unfortunate enough to give me a good shot.
If you want to do what you say though, you'll have to get the bolt face/extractor modified to magnum size. The 257 Wby is based on the 375 H&H size case head, and won't fit on a standard (30-06 size) bolt face. Other than that, I doubt that you'll have too much trouble finding parts, and there isn't too much cruddy shade-tree gunmithing that a good professional gunsmith can't fix, so I wouldn't worry about that. It also sounds like you got a very good price. True pre-64 Model 70's regularly sell for well over $1000 now-a-days, so it's well worth what you paid for it unless the condition is unsalvageable.
Mike
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