I suppose you could convert a 597 .22lr to .22mag.,
But since he (Original poster) plainly stated he already had a .22mag, the only conversion parts neccessary for a .17HRM would be the barrel. (and .17HRM ammo, of course!)
However, if you have the standard contour barrel as I do, from what I gather, you would have to open up the barrel channel to accept a heavy barrel (nominal .920 vs the approx .750" "standard" barrel).
I easily accomplished this on a Ruger standard barrel stock by using a 1/2 sanding drum, followed by a 3/4" sanding drum and using a 12" extension I got from "BIG LOTS" for about $3.00. I also used a saw to cut the barrel band area from the stock, giving the stock a nice under-cut similar to the Remington stock. That, and a lot of Epoxy to bed the action, ect., ect., ect.
Conversion of a .22LR m597 to a .22MAG, would besides a new MAGNUM trigger group , and Magnum Magazines, {would also require a MAGNUM BOLT assembly}.
(Scratch a new bolt- I just tried a "FIRED .17HRM CASE", AND IT FIT THE BOLT FACE. IF I EVER DISASSEMBLE THE BOLT FROM THE MAG, I'LL CHECK FOR INTERCHAGEABILITY).
Also, it would require the magnum action springs and MAGNUM bolt buffer. According to Remington and Brownells, there is also a difference between the inner and outer springs as they have different part #'s.
Trigger group: $64.21
Action spring (inner) $4.33
Action spring (outer) $3.03
Magnum bolt buffer $3.03
Hold Open $3.89
Magazines $14.61
Plus cost of barrel ~$200.00
Plus shipping on items ~$20.00
Total: $310.00
I paid $289.00 for my m597-Magnum.
"zero" for my 597-lr, as I "won" it.
(It's a keeper !!! -see below)
In my estimation, it would not be cost efficient to convert a .22lr too .22mag as the parts list cost would exceed the cost of buying a .22mag in the first place and then adding a .22lr to the collection; you can buy a second .22lr for about $140.00 taxes included.
BTW; after installation of a laminated stock (Boyds for $12.00 !!, plus shipping and butt pad), my m597-lr out-shoots any of the several Ruger 10/22's I've had/modified. Thats right, -with the factory barrel, standard contour !!! About 30min with a Arkansas stone gave me a ~32oz. trigger too- on both the .22lr and .22mag 597's I have.
Best group with .22lr has been with Wolf "Match" followed closely by some "OLD" Federal GM match (the stuff with the dimpled case). Both groups were 1 hole and ran right around .375" at 50 yds. Groups with CCI mini-mags run 1/2" to 5/8th" at 50yds- monotonously!
The .22mag 597 routinely turns in 1" 5-shot groups at 100yds with the Winchester 40gr hp's. It's not too fond of any of the lighter bullet loads and runs to 1.5" to 2" with them, again favoring the Winchester 34gr Supreme. The "fluke" load is the CCI 50gr GoldDot. It frequently will give 3 shots one hole at 50yds. and hits to zero at 50yds with the "40gr-100yd" zero. For some reason, (probably wind) the groups open up a bit more at 100yds.
It too favorably responded to the Boyds laminated stock treatment, but this one's stock had to be glass bedded to hold zero as the front of the stocks foward reciever area and barrel channel had a little "play".
You just gotta love these rifles !!!
Thank You Remington !
Now, release a few .17HRM barrels !!!!
Sorry; at the price of a Jarvis barrel, I bought a Marlin 917 b/a. Probably a good decision given the price of 17HRM ammo !