Let us know how it shoots, I am toying with the idea of doing the same thing except with the reciever sight. Now that I have seen what it will look like, I am even more interested, I just can't decide between the 45/70 and the 308. I would use it as a treestand/blind/shooting box rifle as well as a walking rifle. Where I hunt the shots rarely reach 100 yards so either one is adequate. I am kind of leaning towards the 45/70 because if I use the 308, I'll be tempted to scope it just in case I needed to take a longer shot and thus would give up some of the handiness of the handi rifle.