Thanks to all of you for your suggestions. Gunnut, you raise an interesting point about epoxy-based fillers failing. If I read all the fine print and can find one of the fillers that is safe beyond the heat range for curing the ceramic do you think it would be safe for the repair? I thought that products like JB Weld were used to make engine repairs so was surprised to hear that heat would cause failure. That said, I probably wouldn't make / trust an engine repair on my vehicles with it....
Totterig, I take it soldering is an accepted method for repairing barrels. If so it must be safe, but heating a portion of the barrel to the point of melting the solder concerns me a bit...this gun is a 1/2 MOA hunting rifle and I'd hate to somehow effect the barrel and accuracy.
Dale, at first thought I didn't believe shortening the barrel would be acceptable, then thought of a modification of your idea. If I had an attachable muzzle brake added perhaps the threaded part of the barrel could be extended back to the damaged part of the barrel, removing the nick but retaining the rifling for the original barrel length.