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I have an old 721 in 30-06 and it's been good to me. I forget exactly what the difference is but it is pretty much the same as a 700 action wise. It was my first bolt gun and I shot and hunted with it with iron sights for years before I put a scope on it. If it is in good shape for a fair price I wouldn't hesitate going that route. I have beat the tar out of mine, refinished the stock a couple of times, and reblued it once. It still shoots as well as the day I got it.
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92 FJ80, 175k, OME low lift, ARB front, Slee rear, Winch, deflared, deflapped, 33" BFG's.
99 UZJ100, 90k, stock w/ ARB.
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