I took a quick look at an install video and seems it might work... might need a couple of extra holes in the heat shield to hold one of the barrel retainers in a different spot.  

Might need to cut the shield back to the muzzle to fit the suppressor under the outer plastic portion.  Would put an ultimak up top.

Thoughts?

Idea is to achieve something similar to my 7.5" 300BLK below:

Found a Draco example in new products / Magpul section.  

Apparently a 3.5" flash hider on this.



Magpul 870 forend example:

Looking at the Draco above, I feel like you would have to cut back a LOT of the heat shield and ID of the handguard to make the suppressor fit. Also, depending on just how thick the heat shield is, 1/4" holes might actually decrease the total surface area. I say all of this as an impression, as I don't have a Zhukov handguard, so take that for what it's worth.