Culp, I believe there would be nothing illegitimate about re-barreling this to make it Match worthy.  Also, talk to Richard Ling (on Facebook) about repairing the stock, as he seems to be a master at it.  (Richard is all about bringing cut-down and stripped Krags back to life in all their full military glory.  He fakes nothing, and is open and honest about everything!)

Even if you wanted to shoot it and the barrel is worn beyond accuracy... shoot some oversize cast bullets and see how she does.  She may be the lowest number on the line at Perry, but she doesn't have to bring in the lowest score!