This rifle is almost a dead ringer for my first gunsmith project. My grandfather had this old #4 Lee Enfield and we made the stock from a plank of Turkish Walnut. Despite its two groove barrel, the gun shot almost MOA with handloads.

That was almost 40 years ago. I have since sporterized a lot of military rifles - mostly Mausers - in every case, however, the cost to convert the military rifle far exceeded what you could buy a quality sporting rifle for at Gart Brothers. My most recent personal project wound up costing me the same as a new Remington 700; despite getting the Mauser 96 action as a gift and using a barrel I had sitting around the shop. I guess old gunsmiths never learn . . . .