I've owned both, my MH certainly wasn't a tack driver nor reliable enough to command the price asked.
That's weird my Modern Hunter is 100% reliable with my handloads and is shooting about 1 moa with Varget and 129gr SST's. I found some H4350 a while ago which is supposed to be the powder of choice for the 6.5CM, I'm expecting to be shooting sub moa very soon with it.
The problems most people have with the MH is they buy it and then go against the manufacturers recommendations and try to shoot surplus or soft point hunting bullets.
Another issue is that many new owners have never owned an AR style rifle before and don't know how to maintain or lubricate one properly.
Another problem is that many on here think that just because they bought a rifle that should be able to shoot sub moa that they will be able to shoot sub moa even though they don't know how to shoot properly and have never shot sub moa with any gun before.
As has been mentioned earlier, shooting a semi auto magnifies every mistake you make in your shooting fundamentals.
Just because a box of ammo says match on it doesn't mean your barrel will like it and perform with it. You need to try as many different types of ammo as you can get your hands on, just like load development for handloaders, not everything shoots well no matter how consistently you put the rounds together.
To make a BCL consistently (no flyers, no stringing) shoot 1 moa or better would require at minimum a high quality properly stress relieved barrel. After that a decent trigger would be next on the list.
I don't think an adjustable gas block is needed unless you're going with a light weight BCG or your barrel is poorly made and overgassed. It's not going to hurt anything and will let you tune the rifle for the smoothest operation and least felt recoil with the ammo you end up running so if budget doesn't matter go for it.
As others have said though, the best thing about a BCL is the non restricted receiver set so if budget is not an issue just strip it down to the receivers and start fresh. The only thing I would do before anything else is make sure the receivers are built correctly, NEA/BCL isn't exactly know for their consistency or QC, well not in a good way anyway and you'll want to not void the warranty until after you know you have a decent receiver set.
The platform is more than capable of shooting sub moa, the problems come with crap factory barrels, poor machining and inconsistent/loose tolerances that BCL rifles seem to be plagued with. If you get a good one you have an excellent base for a nice build but if you get one that slipped through QC you may never get it to shoot right.
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