Now I'm new to precision shooting, but it seems to me that if the guys that shoot IPSC gussy up the Norinco 1911s for competition, then there can't really be much wrong with doing the same to a M305.
It may not be a beautiful rifle, and the pre 2000 ones were awful, but I'm pretty happy with how it shoots. Not like I'm trying to put holes in a head at 1500 meters or anything, just good groups on paper.