I think you really, really want this rifle, and are looking for an excuse to buy it. This is O. K. and there is nothing wrong with that. I think the truth of the matter is that it was *assembled* at the Colt factory with parts obtained elsewhere. Put simply, the market wasn't big enough to justify the cost of tooling from scratch. Hint: Just for grins you should look at a picture of High Standard's model 34 (a.k.a. JC Higgins model 583.3403).
If you have the $225.00 and the seller won't come down, go buy it. It may work out fine, in which case you will be a winner.
Tell 'um the "Old Fuff" sent you.