Due South/WMG

The two Rays are the same person
Yes, this is another Time Lord theory.
 * That would explain why Ray V was even crankier than usual in the final episode- he was worried about crossing his own timeline.
 * Diefenbaker is a Timelord wolf. Between the pilot and the series he obviously regenerated.

Ray did see a gun
We can safely assume that running off with Victoria would not have ended well for Fraser. At all. So, it's possible that given the Magical Realism present inshow, Ray did see her pointing a symbolic gun at him.