Flatlander said it all. I have CLE AR22 #2. I developed the AR22 at Compass Lake at the urging of Spike Forsyth. We looked at several conversion kits and decided that the US Amry's M-261 had the best promise.
Starting with the M-261 we made a special 1:16 SS Douglas barrel that replicates the adaptor geometry, threw the adaptor away and added a small part to the bolt assembly to keep it together in the absence of the adaptor. Then we made several minor, but important, modifications for reliability.
The CLE AR22 upper can replicate your .223 upper in every aspect except the recoil and ammo cost. Great to shoot at indoor ranges and at 100 yard reduced matches.
Everyone wants to know why they cost so much. You get what you pay for. First it is the same as a .223 upper with these exceptions:
Subtract .223 match barrel - $300
Add .22 match barrel +$300
Subtract .223 bolt and carrier -$110
Add surplus M-261 Kit +$150
Subtract .223 barrel extension -$15
Add adaptor replacement part + $15
Add special mods to M-261 + $25
www.compasslake.com/