Friend of mine and I cast the bores on 4 or 5 P14 .303 Enfields by Winchester. Near as we could figure, odd number of grooves, the groove diameter was around .307 from the beginning for .311 or more bullets.
He is a military collector nut. So I have heard of the sloppy India production with bore/groove in the .314 range....
Mr. Ackley wrote at length about how a couple thousandths is not going to make any practical difference in pressures. .303 bullet will go down a .308 barrel, no problem--no "pressure problem", accuracy may be another question. PROBLEM arises when the load was too hot to start, or when the slight increase in pressure cracks the case and hot gas gets loose. Question arose from silly fools firing 8x57 mauser in '06's. After all, it was all army rifle ammo... Duh. It was the 8mm case splitting & releasing hot gases that caused danger. Not the .323 bullet going down the .308 barrel. Although accuracy was a joke, bad joke...
I would look for a gunsmith that could cut a .303 chamber with a "tight" neck for the .308 bullets. Put this in any .308 barrel and it should shoot great, unless you happened into some surplus 303 when the accuracy might "fall off" a tiny bit. I could not tell with iron sights, but I am not great shooter.
Friend, 3rd generation 'smith, gave me a set of .303 dies. Expander ball was for .308... .307 if I recall. Little tight reloading .311 bullets but worked. and if you wanted to use a .308 bullet...
Nice Idea. Not new. If you are not visiting 303British.com, enjoy. luck/happy trails.