You can buy a "factory new" replacement barrel for the 45/70 on the web site for Gun Parts corp. (
http://www.e-gunparts.com/model_new.asp?catID=11750 ) or Numrich (same company) for about $50.
It'll be a Micro-Groove (which I personally prefer.)
These are pretty much "drop-in" replacements. Dovetails are already cut in place so you can just unscrew the old one and screw in the new one.
The rim of the 45/70 was never really standardized so gun makers can make their barrels with a "ballpark" headspace and it'll still work fine, (true of many/most rimmed cartridges.)
I have not done one myself so I can't give first-hand info.
It might turn out that you have to "relieve" the barrel shoulder to get the barell all the way up to "top-dead-center" (TDC)
there is the possibility of a requirement for "finish reaming" but I don't think so. (Its been a long time since I looked into the notion of changing the barrel on my 1895.
If you want a Ballard replacement I think you'll have to deal with Marlin.
I have a letter from a Marlin Exec. that says they'd sell me a Ballard (cut-rifling) barrel for $150 (installed at the factory) and send my old barrel back with the rifle. No gunsmith can beat that deal...if its still good.
Setting the barrel back would change the relationships (positions) of all the dovetail locations with regard to the parts (forearm hardware & magazine tube, etc.,) they attach to. A lot of expensive work for a gunsmith.
If there is something seriously wrong with your chamber getting a new barrel would be my advice.
They're cheap, even if you need a gunsmith to mount it.
Just be sure that you really need that done before diving in.
Hope this helps.