Good luck the the Hornet. Just to be a little nosey, way the wish to rechamber?
By far, the majority of my "fun guns" are the NEF Ultra rifles. My first gun was an H&R that my father bought for me when I was 12 years old. I hunted and plinked for years with that 20ga., .410ga., 30/30, .22 Hornet combo. The H&R and NEF guns lend themselves nicely to tinkering. Third party specialty stocks and different caliber barrels are easily interchangeable and relatively inexpensive. I've just gotten into reloading and experimenting with that. I can get a .22 Hornet barrel for $60 - $70. If I can re-chamber to "K", I've got a whole new range of cartridges to experiment, and have fun with :-D
I guess what it boils down to is having a good time doing things that I like to do,... relaxing down time. Taking pride in making something work that is just not a bolt on modification. If it doesn't work out,... I'm out $60. If it works well,... great! If it works exceptionally well,... :-D Why am I considering a re-chamber? I guess, because it's possible.
I love the small caliber rounds, .17s and .22s. My son enjoys the small caliber rounds as well. We can shoot all day long for not a lot of $$$ and the recoil is almost nill for him.