Re: Fluting an FN SPR/Pre-64 style bolt
Possible, yes.
I would err towards the reliability though. I have a custom built on an FN & wouldn't personally mess with it. I chose the FN over the 700 for my build due to the inherent reliability of the controlled round feed design.
As it is designed, its an ultra-reliable action & needs no modifications to run.
My .02 cents on the matter.