I might be out on a limb here, but..
I think that there would be too little material from the get-go to re-shape the dust cover into a proper rail.
(as the dust cover with rail is slightly larger, volume-wise, then the non-rail frame)
I haven't measured guns of different generations, but tight fitting holsters for non-railed glocks are a tight fit on railed glocks.
If i'd tried something similar i'd try to find a scrapped air-soft frame and cut the rail off, and then mill/saw/grind the blank firers frame so i could fit the rail, it might not be "perfect", but maybe good enough??
My, somewhat lame, 3 cents...