Jd, welcome to Huntchat!
I think Skeet has given good advice.
One of the most difficult rules to follow when tinkering with guns is "if it ain't broke, don't fix it".
A lot of gunsmiths do a lot of work salvaging firearms for people who forgot that rule (you can ask me how I know this, but I ain't talkin....
)
How well is the rifle shooting now?
I know it is accepted wisdom that free floating improves accuracy...and often it does- but far from always. Many sporter barrels shoot as well or better with that contact point right behind the forend tip. Why else would Remington put it there?
(Ruger does, too, btw)
In answer to your other question, free floating a barrel does NOT require you to glass bed the action. The 2 jobs are frequently done at the same time, but they don't have to be.