Wyo- I really want razzin ya man- I done the same thing in years past til the old Smith I was apprenticing under took me to task. Since then, I've only come across an old sporterized Mauser, a Win 70, and a CZ 527 that did not seem to benefit from any free-floating or other tinkering. It's kinda neat to get ahold of an old rifle that runs like a top just the way it left the factory.
You seem kinda mystified on the term "floating". That comes from free-floating, where the barrel 'floats' above the groove in the stock without touching anything from the chamber area on out to the end.
Let us know how things progress and how she shoots.
And most of all- have fun.
Rednecks... Keeping the woods critter-free since March 2, 1836. (TX Independence Day)
I'm going to use the words "clip" and "Long Colt" every chance I get. It grinds my gears to see new members attacked when we all know dang good and well what's being refered to.