Any free gun is a good gun..Updated

And not much point having a back sight and no front sight! Not sure what they were thinking there.

As mentioned above, a lot of work went into these "one-piece" conversions. Some of the target crowd liked them when the No4 was still competitive. Mostly it's a Mauser prejudice, so to speak: a belief that two piece stocks could never be solid enough. In fact, if it was put to the test, I'll bet a well fitted two piece stock flexed less than many one piece stocks: shorter piece of wood means less opportunity for flex.

I think an old Parker Hale sporter foresight with the sloped ramp would look good on that rifle. You should be able to find one at almost any gunshow in the parts boxes. I agree with the comment above about the stock sights being best, but too late with the ears gone.

You can drill and tap this one to your heart's content anyway, but the bases you have, if properly fitted, are very functional. Even if they're not pretty.

If the sight arm is missing you should be able to get one off eBay. Or another of the same sight.

You could carefully grind a little off the underside of the bolt handle where it contacts the butt socket so that the bolt closes a little further and you don't see that gap you do now between the long recoil lug on the bolt and the flat next to the bolthead guide rail.

Make sure the slot in the bolt head where the guide rail engages is beveled at each end, otherwise you run the risk of the bolt head tearing up the edges of the rail at the opening (where you can lift the bolt head up to remove the bolt.)

If you want to make it look a little classier you could have the left side machined so that the bevel continues all the way down the side of the action, or you could have it cut a little lower, like the EAL rifles did.

The really fancy sporters would plug the back sight plunger hole and fair that whole shoulder on the right hand side down to the bolt handle on a nice convex curve.
 
Put a straight Edge on the forward mounts. If they are online try to borrow a scout or pistol scope. Try it and see if it works, I would also see about a peep rear. Nice piece
 
By the look of them it seems that someone along the line of the rifles previous owners has switched out one of the bases. They seem to be of different make, one being flat on top, the other slightly concave. I'd agree that a trip to a smith is in order. They might have a base that would line up.
 
The whole idea with the bases of different heights is so they would line up horizontally and you would require only a single set of rings. That's why the forward one is higher than the rear.

Nice rifle with a LOT of work gone into it.

Looks to be an early- or middle-1960s conversion that set somebody back a packet of $$$.

This is the rifle that a lot of guys WANTED but nobody could afford to have built.

Very nice specimen.

Thought I would post an update. smellie nailed it. It was just an optical illusion that the uneven bases were not level with the bore. They were pretty darned close when I took measurements in a different manner. I picked up a Leupold 2.5x scout scope, a sporter mag, and found a set of rings I forgot I owned. Some might find this an abomination, but it points nicely and I just like it. I put 10 180gr power points through it to sight in and shoot one group at 100 yds, and then I tried another group with Federal 150gr. She definitely prefers the pp 180s. I am very pleased with this rifle, and we are going hunting together in October.Thanks for your help gents.
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100 yds with silverbox winchesters
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Nice rifle indeed. Glad you stuck with the bases it had.

Might want to get the rings lapped, to prevent stress/bending to your scope, just in case the heights are off a bit?

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I would rate this rifle as probably the classiest looking 303 sporter I've seen in many,many years.Very nice and a good shooter as well,can't top that.
 
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