Absolutely a crime to part that out. I'm sure it'll be a fine little shooter. Since it's "in the white" you have the opportunity to easily defarb the piece. Get rid of the Italian and CVA marks polish the metalwork and finish the grips. They should be good with a bit of elbow grease and some Danish Oil finish, medium or dark walnut works great here...
It is the Army model cut for a shoulder stock as evidenced by the notches at the bottom of the recoil shield and the extra screws on the frame. There should be a cut on the bottom rear of the grip frame as well.
Whatever you do, there are lots of guys here with lots of experience with these guns and they're as helpful a bunch as you'll find anywhere. Keep us posted!