Just hold out for an original .22 Webley MkIV, the barrel is 2'' Longer, it has the correct sights for .22 and it has an 8 round cylinder making it much more collectible.
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Would a genuine ex RAF service revolver not be marked by "A.M.", followed by a number perhaps? Almost everything else that I've seen of a similar age as this is supposed to be ex RAF has "A.M", followed by a number or perhaps "Service"?
The Enfield No2 pistols were engraved RAF in a plain font on the rhs of frame above trigger,
I thought that it may be helpful to this thread, for comparison/analysis purposes, to post some pictures of my U.K. deactivated Webley M.K. IV, War Finish revolver. This item was deactivated in 2002 and therefore the work which the dealer did would have been in line with what was required by the U.K. spec. in force at that time. As can be seen in one of the pictures this included a steel ring being welded into the cylinder after it had been bored out.
The Heritage sites have a range so these historical pistols can be shot & researched, I went down this route as its the only to legally own them, unless you hold a Section 5 Home Office Licence, which i do, but this is for trade & not for collecting.