I would think about turning it into a .45 ACP for cast bullet shooting. That limits chamber pressure to 21k psi.
https://www.trackofthewolf.com/List/Item.aspx/637/1 has .45 Auto liners. A sixteen inch barrel would cost $130 and make a sweet cast shooter. No bolt work needed. Make up a single shot adapter for the magazine out of a piece of HDPE. Or, if you have some talent, adapt a magazine for it (like the Rhineland conversion?). You should be able to hand chamber the barrel with a rental reamer for $50.
I am a bit cautious and would not want something that anyone could chamber a 50k psi cartridge into even if a few folks may think it is safe.