Hi have the same in my Norinco, works great now but honestly it needed a break-in period and like any .22LR you still get malfunctions from time to time.
Be aware tough that even at closer ranges it won't be as accurate has shooting .223 or a regular .22 for that matter.
Also, be aware that you'll have to remember your different sights settings for the .22LR and .223 as even the windage changes on my AR between the bolt swapping.
P.S. : I think I saw in a magazine that they are about to get a newer model out wich allow the use of the bolt release if I remember correctly. Maybe you should wait for that.