Definitely use the countersink. That way the stud goes on a flat surface, not on the curve of the stock, which looks like heck.
You say "mounting in wood". I assume the front swivel came with a machine screw that goes into a ferrule on the inside. Use it. Foreends are often thin and screws can pull out, also studs put in with a wood screw can scratch the barrel and cause accuracy problems to boot. (OK, I know it sounds silly, but I have seen guys use a rear type screw on the front, not realizing it was contacting the barrel.)
Jim
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