A Savage target action factory equipped with a .223 bolt head will have a feed ramp in the floor of the bolt way that will feed .223 rounds properly. I know, I have one. The standard caliber action can be altered to feed 223 but it takes a long carbide end mill and a special angled guide bushing that screws into the barrel threads to machine the existing ramp(if there is one) deeper thru the front of the action. It cannot be done thru the port because it is too small. It is far easier to find a factory .223 action and just buy it.
RWO
RWO