I have only come across ONE of these rifles. I forgot what caliber it was - I think .270 - but it was a shooter - and with cheapo Remington Express ammo it was shooting well under 1 inch (like half inch or so).
It's been a while since I shot it, but I do remember that the action was nice and smooth.
Even so, for 1/4 the price, it sounds like a no brainer. I'd go for it.
Zachary