There is a risk. Much would depend on the accuracy level you are comfortable with. If as Coot said, were it done with complete precision, in a lathe, I might consider it. But otherwise, it depends on the tool, and the person doing it, and I still may not be convinced, even from a lathe. Anyway you look at it, there will be no improvement in accuracy. The very best you can hope for is to break even. I just don't call that a good bet. But, once again, that goes back to the accuracy that you are comfortable with. I have a friend that has a coned barrel. That barrel was aquired by him in a trade. It is a GM barrel. A quality barrel, with no visible or felt flaws. This man has been trying to find an accurate load for this barrel, for over 2 or 3 months now. The best it will do is maybe 2 1/2" groups at 50 yrds. He has tried every combination there possibly is. Glass bedding, new finer sights, including a tang peep site. The barrel won't shoot. Period. I have tried it, another good shooter has tried it. No good. The owner is a crack shot with an accurate rifle. It positively is not the shooters fault. The only answer left, is the cone job, and the only answer left, is to redo the cone job, and hopefully improve the situation.