It's worked surprisingly well in the past, but I just put a heavy (H3) weight in to reduce recoil, probably won't cycle .22LR any longer. And BTW, that heavy weight is a dream! My wife's friend brought his stock AR to our camp and I was shocked how much harder it kicked.
The cmmg kits don't actually move the buffer at all, the bolt cycles entirely in the chamber, so your H3 buffer shouldn't effect it. I actually have a dedicated .22 pistol upper on a lower without any buffer tube at all for compact plinking and it works great. I might have to print up a han solo lower though, that looks amazing.
To clarify for the OP, these don't generally scale down the whole gun. Caliber conversions can be as simple as swapping the bolt.
You can also sometimes swap to a larger caliber. They make 'conversion kits' for the AR-15 that are functionally just most of a new gun. You can get those for a variety of calibers from 7.62x39 to .50 Beowulf.