It would be a good cartridge for one of those small Mausers which get turned out from time to time.
I have heard of people doing workovers on Destroyer Carbines, but really don't like that idea. The rifle itself should be good enough, but Destroyers are scarce enough without butchering the few remaining specimens.
What is needed is someone to put the idea to Ruger, which has one of the best casting-shops in existence....... or for someone to design one from scratch, use a 3-D printer to make up the initial waxes for Body and Bolt and then pressure-cast a few hundred sets..... or else use some of this CAD/CAM technology which is coming down in price all the time and just chew 'em out of decent steel.
Steel is definitely the way to go on something such as this. Aluminum has its good points but it also has many liabilities when we are talking about pressure. As a close friend once said, "I don't trust anything that's made outta DIRT!"
Made from decent steel, there are also other alternatives to be considered. As an example, what about the Rimless Bee, a cute little CF .22 based on a Carbine casing? Anyone with regular Bee dies can form their own brass and you have a nice little coyote gun for 100 yards or so.
The best part, to me, is that you have what you want..... and you haven't wrecked a Destroyer!