A cut down stock which does not have any damage or serious sanding, drilling, shaping, etc. could be returned to military look by splicing on a front end. This requires some expertise in cutting, pinning, and gluing, but it is do-able and fore ends are available. Of course, you do have to match grain and color as closely as possible.
Because of the expense in money and time, for this type of project I would want a very good quality cut down stock that had some sort of intrinsic value to begin with, such as desired age, style, cartouches, etc. Perhaps an early finger groove 1903, or one made for the Mark I.
As for value, most "cut down" stocks sell for much less than a full length, usable as-is stock.
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