The 110E model was the "economy" model. Action and bolt the same as others, just a different cheeper stock, as I understand.
$300 seems like a fare price and if you so desire can be a base for a great build as SageRat has suggested. I have a 110e .270 winchester that I am currently needing in a Boyds Stock and have a new barrel for. No pit falls to watch out for that I can think about.