From what I remember, since it's been a while since I've dealt with a .22...... the .22 Swift was NOT, repeat NOT listed as a .223 Swift. It's a round suitable for a .22 rifle. And while it can be used for hunting, you won't usually be hunting anything very big. Coons, squirrels, rabbits...stuff like that are usually the targets for a .22 Swift.
Unless they've upped it to a .223 Swift now, and made the round itself bigger, I just don't see the .22 Swift being usable in anything designed to take a 5.56N round. Yes, the bullet itself would work in the barrel, but the round wouldn't work in the chamber.
Mind you, this is information from 6 or so years ago, so things may have changed since I last looked.
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