You probably got a good deal at $200. If you desire a highly precise shooting rifle I would put that rifle on the shelf and start with a modern action. A modern action will give you quite a few features that lend themselves to better accuracy than the venerable Mauser 98. Another plus with a modern action is your gunsmith will probably have more experience working on say rem 700's or Win 70's. Mausers are not particularly hard to rebarrel, except for a few minor and oftentmes overlooked things, 55° threads instead of 60° and they seat on an inside collar not the shoulder. Most probably cut 60° threads with no problems. I do my own work on my rifles so finding a 'smith is not a big problem, if you want to go ahead with rebarreling your Mauser look up Jim Kobe in Bloomington MN his work is excellant, rates are good and turnaround time is amazing.
I hunt with mausers for a number of reasons, I like using a design that is over a 100 years old, I install 3-position safeties which lock the firing pin not just trigger, when hunting we rely on the safety for many hours in a day and I like locking the firing pin. Yes you can do a 3-position safety on a Rem 700, I did one for $199 and doing the install myself. Some people like the controlled round feed nature of the Mauser, this allows you operate the action without failure in any orientation, some like this when hunting around dangerous animals. None of the animals I have shot with Mausers would not have dies had I had one of 700's or 70's in my hand at the time of squeezing the trigger. I can't make the claim that I would have shot a clean F-class target if I had been shooting a Mauser instead of one my rem 700 clones, I don't use mausers for high accuracy work.
Any of the stocks for large ring mausers will probably fit you PH, there are some differences between 98's but that is why you have wood chisels or a mill.
Probably more than you wanted to know about Mausers and my quirks,
wade