"Bullet yaw on impact" range is down in the sub 150m range for many loadings with a 16" barrel. This effect drops off dramatically with shorter barrels. Check it out, these are M193:
Based on my research, you can expect fragmentation out to ~150m with a 16" barrel using 55gr m193, and out to ~95m with m855. Fragmentation range with a 11.5" barrel using heavier rounds like m855 may be as low as ~15m! Of course, this depends entirely on bullet design and will not be the same for other types, but it gives you a pretty good idea of the actual effective range of the round. Outside of fragmentation range, you are just making round .22cal holes.
http://ammo.ar15.com/ammo/project/term_fragrange.html
Fancy ammo definitely helps. Compare those m193 pics to this gel test of 75gr .223 TAP, which is what I have in my home defense mag:
At the same speed, m193 (which is more likely to fragment than m855) only makes 3-4 chunks.

Based on my research, you can expect fragmentation out to ~150m with a 16" barrel using 55gr m193, and out to ~95m with m855. Fragmentation range with a 11.5" barrel using heavier rounds like m855 may be as low as ~15m! Of course, this depends entirely on bullet design and will not be the same for other types, but it gives you a pretty good idea of the actual effective range of the round. Outside of fragmentation range, you are just making round .22cal holes.
http://ammo.ar15.com/ammo/project/term_fragrange.html
Fancy ammo definitely helps. Compare those m193 pics to this gel test of 75gr .223 TAP, which is what I have in my home defense mag:

At the same speed, m193 (which is more likely to fragment than m855) only makes 3-4 chunks.