If you can really get an action trued and a barrel fitted/chambered for $200, to benchrest standards, it is a great deal.
Considering how much needs to be done to bring a Rem up to the same specs as a Stiller, it's hard to believe that your smith is breaking even -- you might want to find out what's included in the truing operation. Sometimes "truing" just involves squaring the receiver face and the bolt lugs/abutments, leaving out other important,and time-consuming) jobs like single-point cutting of the action threads, reaming the bolt raceway and bushing the bolt body to fit, facing the bolt, bushing the firing pin hole, etc.
I would expect to pay $200-$250 for a complete action blueprint, and another $150-$200 for a chamber and fit, but it would be done by somebody I know can put together winning equipment.
Two suggestions:
1. Visit a benchrest tournament if you haven't already. Take a good look at the winning equipment. Many of the winners will have done their own smithing, or had it done by another shooter on the line that day. Somebody will probably let you shoot a group or two with their rig, to boot. You will quickly figure out why most dedicated BR rifles have loading ports on the opposite side from the bolt -- something not available on any Remington action I know of. And if you've never shot a 1.5-2oz trigger, be careful when your finger gets inside the guard.
2. If competition might be in your future, seriously consider shopping for a used BR rifle as a starter. You can pick up a really nice, custom-actioned, Jewell-triggered, ready-to-roll LV rifle,no scope) for $1500 or less, especially this time of year. It might have 500-1000 rounds down the tube, but it will shoot well enough for you to learn what those little wind flags mean. And then you can get a new barrel. Often such rifles come with dies, brass, and other stuff that is known to work.
I was in your situation once. I wasted a fair bit of money before I realized that a custom action is, in the end, the best value. My Borden-smithed 6PPC Panda/Hart/Jewell was worth it -- I did the stock prep, painting, and bedding myself to save money. Even won a little tinware with it,see photo), and it sure would shoot,see target at 300yd).
I sold that rifle,with brass, dies, and some 68gr Bruno bullets) to a guy in California who wanted to get into benchrest. He went to his local range and put the first 5 shots into a tidy 0.104" at 100 yards -- not bad for a "used" rifle, huh?
Toby Bradshaw
baywingdb@comcast.net