Hell Trev, I thought the same thing about buying a bolt action Wichita pistol and converting it to a full blown rifle, until I was enlightened by this same rule!A stock, a rebarrel to Hornet, and a decent scope, and you'll have a great gopher whacker!
Well, except for that pesky "once a pistol, always a pistol" policy, eh? Maybe best to leave it as-is.
Cheers
Trev