I've seen original breech plugs like that, but it's not a practice I am comfortable doing today. I will form a shallow groove into the face of a breech plug, at most about the equivalent of 2 threads, leaving plenty of solid threads remaining. This one is well beyond that - If it is a straight barrel, I would rebreech it and re-inlet it further back by 1/8-3/16". The patent style breech could work, but you still have the issue of strange geometry with the lock being that far to the breech end of the barrel.
-Eric