Thank you for the greets Lynn and Caranthanus!
And thank you for info sharing regarding my inquiry Caranthanus. I read elsewhere that the head of the rivets on the S557 can be carefully drilled and removed as they are reused by merely sending the appropriate sized brass rod back through when finished and peening them over the heads.
I purchased 1/8" brass rod at the local hardware store as I recalled using the same size roll pin as a repair earlier but will have to measure to be sure.
I haven't yet decided which scales I will use. I really like the old school finish of ole' reliable however there are no slots for pick or tweezers.....
I am not bothered at all by dismantling my 557 as I have only purchased one SAK in 25 yrs I believe that I will be plenty happy with my mods.
I try to be a minimalist when it comes to gadgets, vehicles, camping, etc, so I will do everything in my power to carry the least amount of gear as possible.
Again, many thanks for your assistance, now if I only had the time............

and I just noticed that you had added pliers to your oldy, looks great!