As far as actions Iām pretty sure that the 700 is one of the best choices. Getting it blue-printed would eliminate flaws if any. Sending your barreled action to ER Shaw and have the work MD described will get you an assume rifle.
Depends on what you expect out of an action and how much you plan on using it...but emotional attachment is hard to break.
There are a number of custom actions, even a couple factory actions, that easily do so much more than a standard or worked over 700 action. Youāll easily wrap $500 up getting a 700 up to āspeedā with some of those actions and youāre still way behind...
Prices off a local smithās page:
Blueprinting/trueing action threads $200
Drill and taping for 8/40 base screws $100
Replacing stock 700 extractor with M16/Sako style $200
Call me a moron too but that still leaves you with an action you have to send in to a smith to get a barrel properly built and headspace every time, an external lug, and a bolt face specific action with a shoddy bolt release.
A Bighorn Origin (probably the most budget friendly custom action available ) is the same money as a polished up 700 and you have the benefits of CRF, pinned lug, a real extractor, real bolt release on the side of the action, fluted bolt, bolt heads that can be swapped out from 223/308/WSM and the ability to use any prefits on the market. Same as a Tikka action...
Nowadays I just call a reputable smith and have them build a barrel without sending my actions in and playing the waiting game. This aināt 1985 anymore...grin..