They used to sell one like that for the Mini 14. It had an atf letter saying it was legal. It fired on one action, pull, then on the other action, release, which did not equal a machinegun for THAT part. I would have a letter from the Tech branch of the ATF sayinig it was legal if I kept it.
It is like having a shotgun with the barrel blown up and now less than 18". If you take it to the smith to get a new barrel you were never in intentional possesion of an NFA item. Cut the shattered ends off to even them up and you are in possesion of an NFA item. Broke and not in compliance is not illeagal if you are attempting to repair it. Not a lawyer just what I have seen in my life. I ruptured a barrel and put it on the curb on trashday. My gunsmith laughed and said I should have brought the gun to him for repair and it would have been OK.