M-38 is a great idea. I have a couple of M-44s (same basic thing but with a bayonet). Had lots of fun with them at the range. Good to about 200yds (depending on target size). I've shot the heck out of one of them (over 1000rds through it so far - bore still looks good and my gunsmith buddy says it still looks solid).
That reminds me, this is the rifle involved in the story of when I shot surplus ammo and accidentally sent an API (armor piercing incidiary) round down range. Needless to say a fire ensued followed by several minutes of panic and chaos.
TIP: avoid mixed headstamps especially ones in a language you cannot read. Also, avoid ammo with strange colored tips.
