If I recall correctly Lee Harvey Oswald used a similarly converted .38 revolver to murder a Dallas police officer after he shot JFK. I believe his was simply a ream job on the cylinder and a barrel cutdown. Pretty common I understand. As far as the original question I would be inclined to simply load for .38 S&W as well and shoot it as is. Otherwise you will have a lot of money invested in a gun of modest value.
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