If you can find a friend with a drill press it makes the job a lot easier. I botched a swivel install my first 10/22 cause I used a hand drill and the swivels were very crooked and not centered in the forend or buttstock. I have an X Y table on my drill press now and it make swivel studs a snap.
Thin wood is of concern. I haven't taken the stock off to get a feel but I have read other sites that some guys did get splitting when they tried to install studs.