Brought my new baby home today, Winchester Low Wall circa 1893. Good news- wood is beautiful (forend was modified for a bull round barrel though), action is tight with original blue hanging in there at 90% (someone put this thing away for a long time), serial #, pat. date and corners still sharp. Bad news- some one hung a bull .22 rimfire barrel on it and then chambered it in .22 Hornet. Noooooooo! Oh well, since I found this marked as "junk" in a local shop for $400 I am well ahead of the game. Reline and go shoot!
Mike T.

I have an early Stevens Walnut Hill factory .22 Hornet with .223 barrel. Use .223 bullets with no problem.

Westerner, I resemble that remark!   
1) the .22 Hornet would be perfectly fine in a good solid low-wall.  In fact, once the firing pin has been moved to the middle and the extractor has been modified or replaced for the CF style case, changing the rifle back might be more trouble than it is worth. 
2) although I don't post pictures as often as I once did, it is because I was chastised so severely for posting the picture of FrogHilda in her bikini,    not because I'm not willing to post pictures! 

To Mike T. - The changes to the barrel and fore-end are somewhat troubling, but the price you paid seems pretty attractive to me.  Is the  extractor modified from the original style by just opening up the bar-type that goes all the way across the bottom of the chamber, or is it a 9 o'clock style like was standard for CF chamberings?  If the latter, then you would have a tough row to hoe "deconverting" the barrel, if the former, you will have to build up or replace the extractor in addition to all the other work involved.  Either way, I think I would at least try to shoot it for a while in the Hornet configuration, then I would decide if a change were in order.  BTW, around here I have a lot better luck finding low-wall butt stocks than fore ends  so it may be tough to find a suitable replacement if you do decide to go back to a lighter barrel configuration.  But what the hey, $400 for a good tight low-wall action is still a steal, so enjoy!!  And oh yeah, welcome to the forum and the insanity! 

Sorry guys, I've been remiss in replying. Thank you for the warm welcome.
Extractor is in the 8 o'clock postion.
It is a center fire, someone just used a rimfire barrel. I slugged the bore at .216"/.219". Seems tight even for .22 rim.
I'm sure it has been reblued but corners are sharp, serial/pat. markings clear so so far so good.
The bore is fairly rough so I'm going to try a lap it a bit first. I'll try and figure out how to post pics  in the meantime.
Mike T.

Did go ahead and lap the tool marks out - jeez what a relief, it was awful! Am reloading so will start with the Sierras. Making a chamber/throat cast this week to make sure I have what I think I have. Need to lower the resolution on my pics to send them. Arghhh! Will take one at lowest camera setting and hope it makes the forum limit.
Thank you for all of the information!