Re: conversion barrels
The bore on a 22WMR is 0.001" larger than 22LR so if you just reamed it up you would get a "tight bore" type barrel.
You can do this, although the revolvers that shoot both chambers generally use the barrel for a WMR and let the LR bullets have a looser fit. This isn't generally too big of an issue (unless you're shooting matches) because the 22 rimfire bullets have a hollow base that expands into the rifling.
What would you do about the length of the action though, since there's quite a difference in the cartridge length.