It looks like it will be a great project, I liked your Lyman 36 copy and think one would look great on this rifle. Cocking piece sights are cool looking, but by the 1930's, gunsmiths like Clyde Baker and J.V. Howe weren't particularly keen on them. It was the combination of slower lock time and the play in the cocking piece.

I hope that you will post a lot of pictures of the progress along the way.

Here, I am working on something similar, a sporter based on the Portuguese Vergueiro action, but progress is glacial.