I believe you're exactly right. I saw one of those refurbed K98s posted just recently by a reputable dealer. The ring had been scrubbed and the torches/wheat Yugo crest applied, similarly to the VZ-24s that were refurbed into M24/52? /52C? Something like that.
One of these days I hope to stumble into a copy of the Bogdanovic book.
MikeInformation
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