My understanding of the issues affecting all solid front locking actions is PRESSURE and VIBRATION.
Seems that the main goal of lapping the lugs is to ensure both lugs make solid contact with the receiver so that under the pressure of firing, the bolt head doesn't bend or move. Doing so will allow the case to expand too much making extraction difficult and lead to off square cases.
Squaring the action up while lapping the lugs ensures that you have it all nice and straight which will help keep the case properly aligned with the bore during the firing process.
However, with so little of the case sticking out of the chamber, the alignment with the bolt face isn't going to 'move' the cartridge much, if any. Certainly, not until it makes a lot of noise.
Another critical issue to solve is the falling of the bolt when the sear is released. BR shooters showed that this can induce varying vibrations through the action and can change the ignition of the cartridge. Maybe so...???
But it definitely will affect how the lugs engage the receiver and how that controls the case during firing.
So if you don't bush the bolt body to the action, do you align the bolt lugs and receiver when the sear/bolt is cocked or down?
I feel that without bushing or fitting the bolt to the action, there is little point in doing much else.
With the Savage/Stevens, the floating bolt head eliminates all of these issues. At least down to accuracy levels that can be described as shooting in the 2's. Got one rifle that shot in the 1's with some zero's but that is another story.
First off the actions are very well machined from the factory. This from analysis of various gunsmiths posting their findings on various accuracy sites. However, being mass produced products, there is room for error.
The floating bolt head allows enough wiggle that both lugs MUST contact the receiver. There is simply no way for one lug to be suspended off the receiver face. Don't believe me, check any used Savage or stevens and you will find that both lugs make a sizeable amount of contact (you can see the wear on the back of the lugs). The more the bolt is used, the more the lugs make contact with the receiver through wear.
So immediately, there is near zero bolt head movement during firing. Now the bolt face may not be perfectly aligned with the chamber but then the solution to this problem is again so simple.
The barrel nut.
Anyone who has swapped barrels on these actions knows that there is just a hint of play in the threads. I expect this to be common in all factory rifles.
When these barrels are headspaced, they are indexed off the bolt face using a headspace guage. The slight 'slop' in the threads allow the barrel to stay true to the hunk of steel in the chamber that is also hard against the bolt head face. Voila, bolt face, chamber (assuming cut properly) and bore are in alignment when the barrel nut is tightened.
The slop in the barrel nut means it doesn't have to force the barrel to move and it can align itself with the receiver front.
So grossly exaggerated, the action face/lugs vs bolt face/chamber vs nut/receiver face could be in a zig zag fashion but still stay 'true' to its counter part.
And that is all I find matters when the firing pin hits the primer. I have built over a dozen rifles using both shoulder and nut headspacing. ALL rifles have shot to the potential of the barrel. Meaning barrels with 1/4 min accuracy potential have shot 1/4 min groups in a Savage/Stevens.
NONE had any work done to the actions except bolt timing to ease bolt lift (this they desparately need).
The next thing this wonderful floating bolt head does is isolate everything behind the action lug face from the front. Kind of a like a suspension. If you dry fire a savage and look at the rear of the bolt, it will drop and bounce around in quite an alarming way. But since it is not connected to the bolt head, doesn't affect it nor the cartridge being fired.
The fly in this wonderful set up is the firing pin hole in the bolt head. By design, it must be pretty big so that the bolt head can move around yet allow the firing pin to travel through.
There is simply no way to stop primer cratering with the action left in its orig form.
Now this is a GOOD thing because, it becomes a wonderful indicator of pressure. Even the thicker CCI primers WILL crater when pressures get into and past magnum levels.
You will get these very clear pressures signs which keep you in the safe/sane region of handloading.
A fully bushed firing pin hole in a fully supported, aligned and trued Rem 700 or BR action should not show this cratering even when pressures have exceeded sane levels. These wonders of the machinists art can easily mask pressures signs on loads that are into and beyond proof pressure levels.
Not my cup of tea as I quite like my body parts and see little point in distributing them around a firing line so that I can make a teeny tiny case act like a case twice in size.
So for those looking to build a rifle with 1/4 to 1/3 min accuracy potential and don't feel like spending alot of money, time or effort, you might try swapping a quality match barrel into an off the rack Savage or stevens and having some fun.
YMMV
Jerry