The twist rate doesn't have much to do with accuracy at shorter ranges (less than 300yds)
This is so wrong...
Idealizing barrel twist rate to the bullet weight/length is the most basic and fundamental key to accuracy.
Running light bullets from a fast twist is better than running heavy/long bullets through a slow twist, but that general truism is about as far as I would agree.
A bolt gun with a 1:7 could be ran with light bullets with good accuracy if the velocity is dialed down to compensate for the over rotation, but the ACR is a semi auto and pressures with such a load may not cycle the rifle. If you run light bullets at high velocities in a 1:7 you can get a number of problems caused by centrifugal forces which can cause the bullet to fly apart in flight or almost fly apart in flight. This does not help accuracy.. especially when you see little pepper flake holes randomly appear on the target when the bullet flies apart.
I tested this stuff in great detail back in the 1980s when my standard hunting rifle was a Colt AR15 A2 Delta Hbar which was not restricted at the time.
I always liked the 1:7 for that rotational energy and how that rotational energy affects how the bullet performs on impact particularly with 69 grain SMKs. On the other hand, the opposite is true with green tips or FMJs.
The 69 grain SMK fired from a 1:7 hits a ground hog like a 308, but most FMJs and armor piecing type ammunition from a 1:7 will poke a clean hole and leave the animal wounded. Without fragmentation or expansion some bullets perform badly on impact.
I know some guys like running cheap 55 grain ammo with 1:7 and yes you can do it, but do it knowing accuracy is going to be sacrificed accordingly. Going even lighter gives up even more. To me that's like golfing and using a putter for your first tee shot... you can do it, but its just not right.
The real advantage of the 223 with 1:7 is about terminal performance and you will get best terminal performance running a full load with a bullet that is designed to just barely tolerate the rotation. Just under the ragged edge of destruction is where the juice is where the bullet explode violently on impact and causes the most damage.