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I would try to tap the bulge out. As Mr. Davis pointed out,the gun is already devalued. However, cutting the barrels is an immediate 50 to 60 percent or more drop in value. If the bulge can be raised correctly your gun will retain more value. Especially since the bulge is at the muzzle. Another problem with cutting barrels is that you will always change the point of impact no matter how competent your gunsmith is.
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