I would not cut that barrel. I would get another barrel and have that one cut
If you are looking for a good price on a barrel, I would order one from Tony at Del-Ton. The last time I talked with Tony (Del-Ton) his barrels are 16-in. and cost ~$180... Cut the barrel to 10-10.5 in. and move the gas port to the pistol position. The Olympic Arm gas port is about 0.5" closer to the chamber than the standard pistol position. But I would go with the gas port in the standard pistol position.
320pf
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