If the total cost of the 700 plus rebarreling is the same or less than the factory mark Vs,I would call it a fair comparison.
I agree, but you don't even have to re-barell to getthe 340... You can buy a 700 in .338 Win. Mag., rechamber it and putit back on...
BUT, i wouldn't call re-barreling a rifle a "custom gun" like the other poster alluded to...
For the record, my .340 bbl is a Douglas and the .240 bbl was made by PO Ackley.
DM