lost here on your panda action,
Are you saying that your bolt face can be swapped to run both calibors or that you are running two different bolts for each caliber instead.
As for the method in question, it just a mater of adding threading for and added jam nut, this way you can set head space to the bolt via a head space gauge.
Hence head space gauge on the bolt face, spin the barrel in on the threads until it gauges correctly, then lock the barrel off to the receiver via the jam nut (the savage way).
Without the extra jam nut, then you would have to head space the barrel via the barrel flat against the receiver face like on a standard barrel installed to a receiver, and although this may hold up for a few barrel swaps, at some point your going to over peen the barrel shoulder/receiver front face from too much torque, ending up with the head space too tight on a barrel swaps instead. Plus that fact that you are having to clamp the barrel each time (could end with marring on the barrel), and even torquing on the receiver that could torque twist the action or maring the bolt lug channels on the receiver as well.
Plus lets face it, you need the action wrench to torque wrench, barrel vise bolt to a sturdy table to pull this off, so it not like you going to be able to swap barrels while you in a blind or hunting tent like you can with a savage type action.
https://www.kelbly.com/brochures/2015-6-16/KelblyOwnersManualWeb.pdf