Just wondering how much this action can handle ? I know .303 British runs around 47k-48k CUP but then again where they not also made or rebarrelled in .308 win? which runs around 65k CUP or is it actually a different receiver ?????
This is strictly from memory, so you better search to confirm what my aging brain is dredging up from the past.
The "normal" operating pressure (not proof pressure) of the Mk4 action is 45,000 psi, with a maximum operating pressure of 48,000 psi. I think the Mk VII ammunition generated 47,000 psi. Once again, confirm my memories from a printed source, don't take them as gospel.
The 7.62 NATO is not exactly the same as the .308 Winchester, and discussions of this and what those differences are abound on this website and elsewhere. However, people who have tested many batches of military 7.62 ball as part of their employment with governments say it is not uncommon for some lots of military ball to hit 60,000 psi, whatever SAAMI may or may not say regarding pressure differences between the two.
DCRA conversions were built on these rifles, and a search on the subject will come up with quite an assortment of stories, personal anecdotes, and opinions.
Anecdotal evidence I have heard regarding the No 4 action is that it is amazingly strong, even when abused. Bill Leeper and I were having a chat in his shop one day and he told me of his efforts one time in an attempt to blow up a bubba'd old Lee Enfield. This conversation took place probably ten years ago, but as I remember it, he worked at it pretty hard without getting any pleasing visual effects. Bill does check this forum from time to time, so you might ask him to relate the story - I found it fairly intriguing.
I wouldn't abuse any of my No. 4's by pushing pressure limits - they aren't making Long Branch Lee Enfields any more. Then again, I wouldn't lose any sleep worrying about how strong they are, either.
If I was musing about rechambering a No. 4 to another NATO cartridge, it would have to be a bubba'd rifle to start with, and I would probably look to the 5.56 rather than the 7.62 when I trotted off to have a word with my gunsmith.