Hi,
The receiver notch shows that the receiver was once attached to an artillery barrel. The Tikka marked barrel shows that the current barrel is Finnish. The Finns also had their own sights which differ from the normal production ones. This sight looks like a home made or home modified one. personally I'd tap it out and get a replacement one. Chances are it will also cure the loose fit in one go.
The rear sight has also been modified, you normally find a V-shaped notch. Dunno if this is a Finnish modification though.
With the square rear sight, a square P38 front sight may also be a good option, if you plan on shooting it.
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