Not sure if there was a difference with the older models, but the newer ones are definitely DBM. The HS precision stock is very nice for what you're getting - absolutely no reason to upgrade it. Maybe a good glass bedding job, but otherwise just leave it alone and shoot it. You may also look into a KMW Loggerhead adjustable cheek rest if you're really wanting to make it comfortable, but that's up to you.
As for how much it would cost to inlet for a DBM... Depending on the configuration, you could buy the CDI bottom metal ($209), and they will inlet your stock for free. Add in an AI mag and shipping and you're looking at about $300 and change all said and done. If it is in fact a blind mag, and the bottom of the stock does not already have some type of floor plate/bottom metal, it will probably be easiest/most cost-effective to sell the stock off and buy something that will accept the CDI bottom metal.
My recommendation - depending on round count and condition, it's a pretty good any way you look at it. Offer him $600 and see what he says. If he accepts it, you'll have a great starter rifle (I've had 2 HSP 110s) and a huge aftermarket to get it configured the way you want it.
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