My first observation was that it looked like a letter gun, with the M21 added. But, I agree with LC about the serial location. It's way to far over to the right to be a letter gun.
Now, we date these rifles to the "early 60s" according to the guide. So is it possible that this could be an M21 built in 1960? If so, then it would make sense that it's got a letter designated serial after the M21 N.
But then, that raises another question.... it's long lug, but has a spike bayo. According to the guide, only one year had that, and that was 64. Now, they could have used long lugs on these guns after stopping using them on regular production, but it would still have to be after 64 if the spike is original. I think we need to see more detailed pics to verify the bayo.
Just food for thought.