SUCCESS! After about 5 days of allowing the p-oil & moly-oil blend to soak in, AND using a slightly larger plastic-faced hammer, the bolt SLOWLY yielded to ~20 more hits to open up. THEN I had to hammer the bolt BACK, to get it out. The brass was beat to all heck at the rim: it had flowed outward, and the primer hole was REALLY opened up. It was UGLY. NO sign of bolt or chamber or barrel damage, NOR was there any sign of what might have gone wrong with this load. It can't have been a double powder load: at worst maybe 20% over the nominal 40.2 gr powder, but I'll bet big bucks it was right on the mark. ALL the other loads in that batch were checked: powder right on & brass is all in great shape.
FYI: the scope mount was mounted ON/through the old Swede ladder-sight, with NO receiver drilling, etc: the goal was to keep this gun fully restorable to as-new. Question now is, do I TRUST this gun, w/o knowing what went wrong. I;ll make some weak loads & tie the gun down, with a string to the trigger......