Things turned out better this time but not perfect. The thick layer of boot sealer(see pic) worked only marginally, still allowing some compound to stick to the action. I would warn anyone considering a similar project to avoid this product.
As you can see from the pictures, I didn't put any compound in front of the recoil lug. From the lug forward is all free floating. I am working on the theory that any contact in this area will cause deflection as the barrel heats, and therefore vertical shot stringing. My barrel is short at 21" and should not inflict unusual strain on the action.
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We have always bedded 1.5"-2" of the barrel channel and have never seen anything but great results from it.