Boomer, well put indeed.
Stocks provide one of the lowest returns for the investment. They are very important yes, but the last place I would spend my funds in a first rifle.
Stocks need to be rigid and have a shape that helps the shooter accomplish the style of shooting desired. The stock material really doesn't matter unless rain is a concern. Wood, plywood, plastic, composites, alum - titanium tubs all do EXACTLY the same thing.
I have built many rifles over the years using modified factory stocks, making my own stocks and buying aftermarket. Except for better shape, no stock showed a huge improvement in accuracy.
Proper bedding showed the largest benefit regardless of the stock used.
To start, you need to reload proper ammo (check the chamber is true, no runout). This has the largest return on investment. Then have the factory stock bedded properly (yes, they can be done poorly too) and the foreend opened up to free float most of the barrel.
Adjust or replace that trigger. This is the second most important thing you can do after bedding the stock. The trigger is the main interface with the rifle - it matters.
Stock fit is next. Cut, build up, whatever it takes to make that stock fit you and the rests you plan to use. I have a post elsewhere to show what can be done with those factory stocks. A few hours work and less then $10 worth of material and you have a custom stock.
Optics as good as you can afford in mounts that don't move.
From there, practise, practise, practise. After a few thousand rds, you will get a feel for what you need to move to the next level.
Sure, spend the money on the best of everything then. All you need to do is attend a few shoots or look at scores w/equipment lists. Many have super bling rifles but the scores are worlds apart.
Equipment will never get you a win but may be the last ingredient AFTER you know how to get into the top 10. For Precision shooting in any format, that is being able to read conditions perfectly then being able to drive that bullet where it needs to go.
Jerry