Interestingly, I just finished building 2 of them, and have 2 more on my bench. It probably depends on what your goals are, your expectations, and funding.
2 Brazilian M1908's for my son's in .308 Win caliber and went shooting on last Wednesday. Fired 25 rounds for break-in and sighting of Adam's rifle as he had to work, then shot 30 rounds in the OCW method,http://optimalchargeweight.embarqspace.com/#). Home made muzzle brakes, aluminum firing pin with steel tip, 26 lb firing pin spring, Wisner side-swing safety,great device), Richard's microfit stock,http://rifle-stocks.com/), Simmons 6.5-20 mil-dot scope, A&B #54 barrel,24'), Lauer paint on the steel, Krylon on the stock.
My oldest shot his right along side me,his rifle did perhaps a bit better, but he chose a 26' no taper barrel,it's a brute), and his firing pin is aluminum/titanium).
Sierra 110 gr varmint hollow-points, LC brass, Accurate 2460, in .4 gr increments from 45.1 to 48.5 grains. Chrono said 3150+, target says I need to shoot better.
Here are pics of the 1st day of shooting to test what handload works best. 100 yd targets.,Adam had to work, so I was shooting his rifle. Travis did slightly better, but he has a 26' no-taper heavy barrel)
,caution-large pics)
http://www.poweredbyinex.com/library/AdamRifle 001.jpg
http://www.poweredbyinex.com/library/AdamRifle 002.jpg
http://www.poweredbyinex.com/library/AdamRifle 003.jpg
http://www.poweredbyinex.com/library/AdamRifle 004.jpg
http://www.poweredbyinex.com/library/AdamRifle 005.jpg