I pretty much said screw it to authenticity an stripped as much of the cosmo, paint and other crud I could get off of the rifle. From an earlier post on this I used CitriStrip to get the paint off (which worked great) and used EasyOff oven cleaner to strip the wood. (That also worked great)
Once I was done stripping I used Tru-glo on the stock and it came out pretty decent. I then used Alumihyde spray paint from Brownells to paint all the metal parts. They came out looking very good once they were done. Piece of advice though. Do not paint the threads to the safetly. Learned the hard way there and had to work the paint off to put the pieces back together.
Overall though I spent an hour a night on it after work and pretty much had it completed in less then two weeks. It looks pretty good and I'm very happy with the accuracy. Using surplus 308, I was able to hit clay pigeons set up at 200 yards with it. Granted not all the time, but a little more then half the time. Otherwise I just missed.
I really hate shooting at paper as I find it extremely boring, so I use things that react when they are hit.
You know, things like clay pigeons, full soda cans, small water bottles, etc. I did try to hit a golf ball at 200 yards. Lets just say my shoulder got very sore long before I hit that little sucker.