Hmm, the alternative mounts I remember seeing a few years ago are not jumping out at me. The eBay record I found, from a seller called
lelljuks88, is old and has no images attached. Could be a dead end.
All of which is not very helpful. :-|
shows how a few different sized scopes with 30mm tubes look with the standard height 30mm M03 mounts. I've found the scope height above the stock's cheek rest to be just fine. Not quite as low as some varmint rifles I have, but this little bit of extra height with the M03 means that the stock doesn't slam into my cheekbone with heavy recoiling calibres. I'm small of stature - 172cm - so bigger dudes should find the cheek rest to scope centre distance to be a bit more snug than me, which should work well.
For my 34mm tube Kahles K624i I sourced some Blaser R93 34mm rings, which fit perfectly onto the Mauser M03 Double Square Mount and keep the scope as low as possible. The trick here is to consider the protrusion of the scope's turret housing below the tube. The K624i was an ideal fit. A Schmidt and Bender 5x25 might not be, meaning that Mauser's original 34mm rings might be needed, or the spacers they make to ensure sufficient clearance.
If I find the alternative M03 mounts I've seen before, I'll update this thread, but I'm not hopeful. :-)