I have not done this,but I do have a .257 AI and I own a M-70.I believe if you had a .257 Roberts M-70,it would differ from the 25-06 M-70 in the following ways:
A blocked forward mag box
A shorter follower
The extractor collar on the bolt would have a block on it to limit rearward travel of the bolt
The ejector/bolt stop parts may be slightly different.
I know this from investigating lengthening the mag box on my 7 mag M-70 to put VLD bullets closer to the rifling.
These parts are not easy to find.
Now,regarding your decision,I built my 257 AI on a Mex 98 Mauser.Its a shorter small ring 98 that was originally a 7x57.The action is sized to the cartridge.Its a nice match.
You are about to spend time and money to keep a long action but make it work with a shorter cartridge that is the same performance.
You also now have to fireform brass.Think,burning powder and bullets,and subjecting the bbl to more wear.Are you going to fireform 500?
If I lost my .257 AI,I might replace it with a 25-06.Its easier.