Larry, I was a fair machinist as a young man, but I would never have the confidence to try this level of mods to any gun I owned...even if I had all the tools to do so.
Robert
Why not? in some cases it is the only way to get what you really want. The frames are the only part difficult to replace, You can find most cylinders and barrels for under $100. Yokes, hammers and the other small parts not expensive.
Modifying a frame does take some confidence, but if you go slow and make light cuts and check yourself often it will work.
This 4 1/4" 45 colt started life as a fixed sight 45 acp Brazilian
It is wearing adjustable sights a cut down 1950 barrel and 44 msg cylinder reamed to become a recessed 45 colt with .452 throats. I have since gave it a bath in my blue tanks
This 3 1/4" 45acp/colt came into my possession as a 1917 with no barrel, I have cut down the grip frame, reamed a non recessed 44 mag cylinder to 45 colt, then recessed it so it also shoots 45 acp in full moons and added sights and a 1950 barrel I chopped
Any K frame 32 cal will run you $2000 now
This one started life as J&G gunsmith special. Now it is an impossible (as in never ever made) to find 327 mag K frame. I made it for $465
10-7 frame from J&G $180+$30 shipping and $10 FFL charge (2frames for 20) total $220
Old K22 barrel $60, K frame sight $55, and the hammer $35 total $150 so $370. Reamer rental $40, a can of carb cleaner $5. $415 and then 1/2 the cost of a 32-20 rifle barrel-$50