That magazine will work for that conversion, but I don't know why you would want to go to all that trouble for a coyote rifle. A fast twist 22-250 or AI with heavy bullets will shoot faster and flatter, giving you more margin for shooter error, not the mention easier and less expensive to make brass. I wouldn't worry about barrel life, if you shoot that barrel out just at coyotes, you should have have enough hides accumulated to buy a few more.
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