I think its overkill.
You can do exactly what that thing can do for waaay less. I have a remy 700 in 308 that I bought off the EE for 700, put a 250 dollar HS precision stock on it, bedded it and put a scope on. All in the gun and scope cost me around 1600. Do some hand loading and you have a 1000 yard gun no problem, unless yer yankin the trigger.
But if ya got the money and it tickles yer fancy go for it, just know that you don't need that to do precision or long range shooting. Spend the money on yer scope.