re: Rate/critique my plans for new project.

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An interesting proposition for sure but I think 2 rifles would be better. Take $300 and buy a used savage, weatherby vanguard, Ruger, ect.. and add a $150 scope and you can easily achieve hunting accuracy for 100-200yd shots.

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Good advice. If you use the same action/barrel and just change stocks, you're going to end up w/ 1 of 2 rifles:
1. A hunting rifle that is too light and has too short a barrel for target shooting, or
2. A nice target rifle that is so heavy and has such a long barrel that you're not going to want to hunt w/ it.

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Invest in a used, rifle that someone else put too much money in as a hobby. See if you enjoy learning to shoot that well (it's not easy).

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Agreed. Long range competitive shooting is not an easy game to learn. Like many other hobbies, there's a temptation to put too much emphasis on equipment as opposed to developing one's skills, especially in the early going.

I discussed a possible gun project w/ Hill Country some years ago. They were VERY nice folks. In fact, I might have done the project w/ them, but I ended up using someone else who already had the donor gun (Remington XP100 handgun) I needed for the project.