It's would be hard to say that I have actually Budgeted anything for the project, since I need this like I need another whole in my head. But I happen to have Remington 700 BDL in 7mm Rem Mag, that I never, ever shoot or hunt with and I just acquired a Tikka lite in 30-06, So I feel like I have some redundancy in the arsenal. So it just got me to thinking and of course going to watch American Sniper didn't help!!! So I can sell the Remington 700 and buy something else or I can start with that as my action and go from there, So would I hunt with it, absolutely. 1000 yards would be sufficient, for me to call it a long range rifle and the "Some Long Range Rifles" refers to my buddy who also likes the idea of building a serious long range shooter. Realistically, I have no idea what this is going to cost yet to say what the budget is and if I will do it just depends. If I use my 700 do I have to get another stock, Can I just buy an aftermarket barrel and slap it on and shoot it or do I have to send it off and get bolt faces lapped, and widgets sanded and trigger guards engraved and a thousand other things I don't even know about that cost's an extra two grand on top of parts?
If I was going to spend $350 for a match grade barrel I wouldn’t have it chambered, threads cut, crowned, and Cerakoted ($$$ for the smith work) for a stock action. I would also have the action trued and threads recut. I would also choose a different barrel profile other than the stock barrel. This would require a new stock due to barrel channel. You can keep the same bottom metal/trigger but I would rework the trigger to 2-2.5 lbs.