Stuffit,
It cost $400 (Oz.) It worked out cheaper than a new barrel because it just had to be screwed back in. Also I didn't want to destroy the character of the old Martini.
I have only had one range session with it. I shot 245 grain cast moly coated pills (designed for 38-55) over 23 grains of ar2206h. My reloading book shows this load as about middle of the range for a 38-55, and as the .303 case is not much bigger I thought it would be a load to start with.
It was mild and accurate to shoot. Next week I am going to try some slightly heavier loads, but all I am looking for is a mild target fun load.
I haven't tried black powder yet, but I think it should work well. I'm going to load 2f cartridge powder.
If the cost of reboring your carbine is too high, and you still want a versatile calibre, How about getting it rebarreled to 38-55?
Cheers,
gazz