Good evening, Gentlemen. Arrived late, and have just now finished reading this thread.
The point being missed here by our friends is not if bolt handles are improperly affixed or not, but rather would you still buy a new 700 if, upon inspection, you determined that there was no primary extraction in a particular action as delivered from the factory?
I would not, but evidently some would. That certainly does not devalue Leeper's observations in any way. Clearly, he has seen and worked on enough 700s to present the problem, and it IS a problem when a bolt is not functioning as it was designed to.
Guntech, who also has many decades of gunsmithing experience, has set out his corroborating observations pertaining to this issue. He has also often posted on this site, his opinion that the 700 is the strongest factory two-lug action available. Leeper agrees it is a very strong action.
As for statistics, if the suggested value is indeed, 1/100, that only begs this question more fervently because 1% is a very high QC failure rate! Whatever the number is, it matters little.
The question remains: "Would you knowingly choose from the 1%, rather than take one of the 99% if available?"
Which one would you choose, regardless of who manufactured the product?" Say it was a car, or a wrench? A freezer, or a shovel? A lawn mower or a backpack? A new barbecue, or an outboard motor?
Why should it be any different if it was a new rifle?
It's late, and I'm off to bed now. See you all tomorrow!
Best,
Ted