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Biggest obstacle is finding a reboring shop that can cut a .333 barrel. Of course, .338 is an absolute cinch. So the project then becomes a .333/.338 Jeffery wildcat.
Why go to all this trouble?
Romance! Passion! Coolness factor!
I'd be the only guy on my block with such a rifle, and could stuff all available .338 bullets into that wonderfully stout little case, including the big 300-grainers that made the Jeffery's reputation.
I know, I'm a sick puppy.

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Sounds good to me.

I hate these threads, as they encourage doubt on firm already made decisions!

Go for it.