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Is there a reason why the Lyman sight is mounted on the right side of the action instead of the left? Is there something on the left side of that rifle that would not allow left side mounting as on most rifles? It looks like you could smash your fingers into the sight if you were cycling that bolt fast and not paying attention.
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I was wondering the same thing as my #2 MK IV .22 trainer has the P-H sight on the left side.
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The Lyman sight is marked 48LE and indeed it does mount on the right side according to pics I've seen online. It does not interfere with the bolt's operation at all so it'a GTG.
I guess it was a lot easier for Lyman to make one that mounted to the right side of the receiver than to do the machining it would take to make one like P-H did to fit the left side of the receiver. It's right much of a beast as all P-H sights are.