Yes, the 300S is a springer, it has a sliding action similar to the Diana 54 to make it recoilless. Unlike most of the current crop of springers, it doesn't use a synthetic parachute seal, instead, it has a ring similar to the compression rings in a car engine. I do know there are a couple of seals, but if you can run it over a chrony, that will tell the tale. If it's shooting in the mid 500's its good, if it hits the low 600's, it's really good.
I envy you, I've developed a serious jones for a vintage match rifle, and the 300S is 1 of 2 at the top of my short list. There's a lot of good info on these rifles on the web, just google it. I even remember seeing a pictorial on tearing one down recently. It's fairly complicated, but someone reasonably mechanical shouldn't have a lot of trouble. I believe seals are available from Macarri. Keep us posted, and how about some pics? Later.
Dave