The checkering should be cut. Only the few Deluxe models had factory checkering, so there is a chance yours has non-factory checkering which is fine as long as it was done well.
The clip does protrude a little, but there is a very good chance you have an aftermarket clip, since the clips were easy to lose and hard to find. It should have ".22 Hornet" marked on the bottom plate. If it's a real Savage clip, DON'T lose it; they cost about what the gun costs.
Don't go over the factory-equivalent .22 Hornet specs for handloads; you can create excessive headspace in these and Winchester 43s by hotrodding the loads. That can be fixed since it has a two-piece bolt, but it's a pain.
NEAT little rifles!