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But then you wouldn't have the fun of doing a project and saving so much money.
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^^ This.
Don't believe those that say these rifles can't shoot- they can. No different than any other rifle- you need to have a good bore to build from, or you're wasting your time.
One of mine is a typical '43 Izhvesk, re-arsenaled (I prefer these for "shooters"- I've seen some that look like they were re-barreled before being socked away) and I have no problem with a 12" plate at 600 yards with handloads.
However, don't judge your results from the milsurp ammo. While some guys have reported better results, don't expect better than 2-3 m.o.a from it. The only way to critique the inherent accuracy of any weapon is with match-grade ammunition.
22" seems to be the "magic" number for barrel length, based on my own experience and that of many customers. I use a PTG 11 degree crowning tool, does an awesome job.
Yes, you need a Timney trigger- but you'd need to upgrade to an aftermarket trigger with "anyone's" bolt gun.
Stocks are a matter of preference of taste, utility and ergonomics. Whatever you choose, install pillars and epoxy bed the receiver and recoil block. Jeff's mount is a good choice if you don't want to drill and tap the receiver, or use a pistol (LER) scope.
Good luck with the project, let us know how it goes.