I have turned .223 into 7.62 tok in almost the same way using the same type of pipe cutter. I did it mostly as an experiment to see if I could. It worked but I was reloading for the CZ-52 which has a tight chamber and the spin test of every round was annoying me so I gave up after making up a couple dozen rounds. I case form the same way in regular dies. I was given a bunch of .30-06 and .270 casings awhile back and have made from both those parent cases 8mm Mauser, 7.65 Argentine, 7x57, .308 and 7.7 Jap which is actually a slightly smaller rim diameter but will usually work.
Here is a pic of a homemade case tumbler
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Dave
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