I don't know anything about the 742 Woodsmaster, but my brother has the most recent 750 Woodsmaster in 270 Win and loves it. It's not a bad looking gun, adequately accurate for a deer rifle to be useful to at least 300 yards, and completely reliable. How long will it last? It's anybodies guess, but he's not a high volume shooter so probably for his lifetime. I'd buy one myself... if Browning ever stopped making the BAR!
Mike