I have a m44 that I made into a scout rifle. I purchased a mount, rings, and scope off of ebay (UAG was the seller) for $40. I went cheap because I didn't know if I would like this set up. The rings were junk and placed the scope too high, so I used a good set of low weavers that I had lying around. After mounting the scope I learned the value of lock-tite because the entire mount came loose. The mount actually does not lie straight with the bore, so the scope has to correct for this mis-alignment. However, it shoots great (1.5-2 moa) and I've killed 5 hogs with it this year and and tempted to take it deer hunting in the fall.
It still has the factory stock, but I found a neoprene slip-on recoil pad that also holds 7 rounds. I put a cheap leather sling that I had on it as well. All told, I have about $125 in the gun. I might upgrade the scope and mount later, but for now it works fine. It's a bit heavey though, so a synthetic stock would help in that area.
One other suggestion, try to find a mount that bolts through the rear sight pin rather than two bolt from either side. Mine's not a bolt-through and I think that has something to do with the alignment issues as well as durability...you can only put so much torque on a steel bolt screwed into an aluminum mount.