I'd say we'd have to add a whole new description beyond the "Clean-up Gun" one you hear used, I'd call this one a "Scrapping the Bottom of the Barrel Gun".....
Actually, other than the holster wear issue on the blued cylinder, I can't see that much wrong with it.
I have seen guys here and elsewhere create 2 tone guns, post pictures and people rave about them.
If I had any earthly reason to buy a snub nose 44 Mg., I would buy it and see how much extra the collectors were willing to pay for it in 10 or 15 years... 8)