I load for a number of #4s. My Irish contract shoots the Sierra 174 match better than any other bullet.
The others shoot much better with the cheaper, flat base soft points. I think it has to do with barrel quality.
This is my finding as well.
If you have a rifle with an excellent bore, on mean diameter or slightly under, the 174 grain boat tail bullets shoot very well.
The flat base bullets, during WWI and WWII and likely in Korea, were loaded with exposed lead core bases, into a cupped jacket. This isn't feasible with boat tail bullets.
The exposed lead would push up into the jacket when fired and force it to obturate into the rifling, which made up for the variances in bore diameters, either from the manufacturer or from wear.
I have a couple of No4 rifles, both Fazakerly made, that shoot both flat base and boat tail bullets well. The both have .312 diameter bores, in excellent condition. One of them is an FTR.
My Long Lee rifles are a different story. None of them like boat tail bullets. They all have over mean diameter bores, albeit in excellent condition. They prefer heavy, long bullets.
Most of my Long Lee rifles have Metford style rifling. One has Enfield rifling.