It's generally agreed that the narrowest safe wall thickness should be about .100". One can argue that cutting in a lug, and then re-installing the lug back in to the dovetail adds back in at least some of the reinforcement to the area, (making it less prone to fail) but in any event, it probably won't be as strong as it would have been had the dovetail not been cut in the first place.
Rice has several barrels they call a B-weight, with the following thicknesses at the narrowest part of the waist; .668, .710, .730, .732, .750. Allowing for the depth of rifling of around .012" that gives you the current wall thicknesses (using .012" deep rifling as a base line) in a .50 caliber of; .072, .093, .103. .113.
So it would seem that even if you soldered on the lug, there just isn't enough metal there for a total bore diameter (to the depth of the rifling) of .564".
That would only leave you wall thicknesses of the following; .052, .073, .083, .084, .093. Maybe it would be ok, and maybe it wouldn't, but with 12L 14 steel it's not the strongest alloy out there to try it with. In any case, the barrel itself is likely to be pretty whippy, and not very prone to good intrinsic accuracy.