What to do with rem 700 270 BDL

[Eship]

I shoot a lot, but 99% of my shooting is ARs and pistols. I am pretty new to bolt guns. 99% of my hunting is bow, however I have a Remington 700 BDL in 270 that was my dad’s hunting rifle. He died when I was young, so it is special to me, but I am of the mindset that there is more value in putting it to use then just letting it sit in the safe. I have shot it once to see what it’s capable of, but between old ammo, the scope mount, the scope itself (leupold vari x iic 3-9x), lack of bedding and actual free floated barrel, I was not able to get a group to save my life. I plan to make this into a rifle capable of taking hunting out west one day as well as in the Appalachian mountains close to where I live.



So where should I start with this rifle? I plan to have the barrel threaded for a suppressor no matter what and put a scope with better glass on it. But should I just bed the action and sand the receiver to get rid of pressure points on the barrel, or should I buy a different receiver all together. I do value keeping it light, and it seems like most of the options under $300 for receivers all weigh 4+ pounds compared to the 2.5-3lbs of the walnut receiver that it currently has. Like I said, I am new to bolt guns, so any advice is welcome, but I am not looking to buy a whole new bolt gun, just wanting to make this one a shooter. Turning it into a 1MOA gun would make me happy.

 

[E.Shell]

Were it mine...:
1) Thorough bore cleaning.
2) Check the crown for damage.
3) Take apart the scope mounting system. Clean the parts, reassemble using proper torque values and make sure the scope eye relief is correct for YOU.
4) Ensure the stock screws are correctly torqued.
5) Hold the rifle by the barrel and slap the stock. It should sound solid, no "buzz" like a cracked baseball bat. If it isn't solid, consider bedding and/or relieving the barrel channel to remove contact beyond the chamber area of the barrel. Note that floating the barrel doesn't always solve problems with these factory M700s.
6) Try some modern, good quality ammo.

If this doesn't provide material improvement, I'd suggest having a gunsmith look it over while threading the barrel. See what the 'smith suggests.

Note: do not "sand the receiver". I think you're talking about sanding the barrel channel, but just to make sure...

Approximately where in MD are you?