Good comments so far. The twist is 1-12 so it definitely isn't really early. If I'm reading things correctly, that VP proof without the magnetic particle M stamp should date it in the 1963-early 1964 period, yes? Do we know if all the known 605 rifles are grouped in a narrow serial range or if Colt assembled them over a longer period of time?
My suspicions regarding originality of this thing follow the thoughts of others here.......period markings, factory looking threading, and uniform finish. Added to that is knowing where it has been for 12+ years and probably well before that. My friend collected aggressively from the late 1950s through the early 1980s and had some killer U.S. Military guns, including a complete Pedersen Device setup, ramrod bayonet M1903, and others. My 601, M14, M2 carbine, and gas trap M1 rifle all came from him. But when he moved on to other militaria, he really turned off the switch on guns. Not saying it's impossible that he picked it up at a gun show after 1981 or 2, just pretty unlikely.
And back in those days there wasn't much appreciation of the oddball AR variants, and nobody was building SBRs for fun like we do now. Nothing conclusive, of course, but good circumstantial evidence from my perspective. Thanks again for all the input.
Rick