Unfortunately, the Serialization book does not list your Parker, to even begin to help you answer your questions we would need to know the grade of the gun. If you go to the PGCA home page and follow the Parker Identification link you should be able to identify what you have and get back to us. Follow the FAQ link and read over some of that will also give you some general guidance too. Its all about learning what you have before you decide how to proceed with your project.
Posting pctures are almost a requirement too.
BTW - Don't hot blue the barrels as it can damage them.
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