It is possible to re-barrel back to 4" 9mm. There are persons on this forum who can assist you. And yes it will greatly reduce your per shot cost. Replacing the grips is OK, so long as you save/preserve the originals. You should also purchase an aftermarket magazine and save that original.
While I prefer the 6" barrel because of the increased sighting plane, I understand your lack of fondness for .30 Luger.
An interesting old gun.
dju
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