Doug - Sorry I missed answering your question about your arrow designated Magnum 312.
In 1968, when Bear introduced the Converta Point they were advertised in these sizes...
Magnum .308 for 40/50 lb bows
Magnum .312 for 50/60 lb bows
Magnum .316 for 60/70 lb bows
Magnum .320 for 70/80 lb bows
These arrows have a non-metallic, clear/yellowish nylon type insert that did not protrude from the end of the aluminum shaft.
Over the years, I have sort of hoarded original Bear Magnum Arrows and usually pick them up when I get a chance. I don’t really collect metal arrows, but a few metal arrows interest me, especially those made pre-1940s. The Magnums with original inserts interest me because I used them when they were being sold.
I really haven't sat down and researched the original Magnum arrow at length but noticed in the 1971 Bear Catalog it appears that a different insert bushing is shown, one that is made of black material, one that is shown appears to protrude from the end of the shaft. The 1971 Catalog also mentions that for heavier bows, the .324 and .328 are available on special order.
From the catalogs, it appears that the original Magnum insert was only offered from 1968 to 1970. Experience has taught that catalog photographs and illustrations can be misleading so that may not be accurate. Sometimes the text can be equally misleading.
Don't see mention of the Magnum .309 in the 1968 to 1970 Bear Catalogs, but I do have a few of them and they have the original clear/yellowish non-metallic insert. Could be a newer shaft with an original insert.
Maybe someone seriously collects Bear Magnum arrows, and knows how the Magnum .309 with the nylon insert bushing fits in to the scheme of things.