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Scorch,I've never done exactly this job.Would you expect the reamer pilot would be long enough to find the bore to ride on?
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No, the pilot would not reach the throat, the 257 WBY shoulder is larger than the 25-06 base, so until you get about 1.5"-2" into the chamber, you are hoping it doesn't wander.
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Shop Rate per hour for all work not priced $40.00
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That's a pretty low shop rate in most areas of the country, many are twice that.
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Compare that to trading and buying a new Weatherby ($1200 for the Weatherby and maybe $300ish trade-in).
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I paid $299.99 for a nib Vanguard, chambered in .257 Wby, @ my lgs last year.
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Buy a Vanguard 2 .257 Wby. I paid $425 for mine
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This is the reason why it is unfeasible IMO. But hey, it's a free country, go for it.