Hi Butch,
A friend barreled a varmint rifle, built on a Remington short action, pretty much as you described, truing up the front of the receiver ring and making sure that the lugs made good contact. He had built several other rifles, doing his own barrel work, with good results. Friends, who do their own work had gotten good results with this approach, so he was pretty confident that it would work for him. Two barrels later, he took a look at the action threads, and discovered that they were out by quite a bit. After they were corrected, the rifle settled down and did a lot better. Knowing of that situation, I would never just assume that a factory action was close enough. It cost my friend quite a bit of time and money.
You may be interested in how he found the problem. He chucked up a piece of non-stainless round stock and threaded it like he would a barrel, with a shoulder, using the action threads as a gauge for final fitting, to as close of a fit as he could turn on by hand (with lubrication and some effort...The action was not stainless.) After he had hand tightened the action onto the false tenon, the contact was in a very short area on one side, with a significant gap on the other side. Like I said, it was quite a bit out. The action face had been trued to the bolt raceway.
I know that in this work is sometimes not needed because years back he did a barrel job for me for a tight neck .222 on a 722 action. The lugs make good contact, the bolt was sleeved, the action face squared, and when will driven in favorable conditions, the rifle has put five shots in the teens. In short, that time we got away with it, and it was because of that experience and others that he and his buddies that do their own work had had, that he took the same approach for this one. Every other time they got by with it. This time it cost him a fair amount of trouble.
Boyd