My TEST load for the .303 is 38 grains of 4895, Defence Industries brass and a Sierra 180 Pro-Hunter FLATBASE bullet. And here's the tricky part: seating is to the OAL of a military Mark VII Ball round. This seating crowds the lead just a bit, but the rifles like it.
This load runs about 2250 ft/sec in most rifles, about 100 ft/sec faster in an uncut Ross. This duplicates the 1910 test load which showed that 2250 ft/sc is the most consistent and accurate velocity with the Mark VII bullet. The Service load was a compromise between the most accurate load..... and the hottest load that could safely be run through an absolute-junk rifle with a super-tight bore. They were thinking, they really were.
My findings are that if a rifle will not shoot UNDER 1 MOA with this load, then there is a problem with the rifle. With this load, I have a 1918 NRF, absolutely original and untoched, that shoots just under 1 inch, a 1918 Lithgow that now shoots 7/16 and a Ross that shoots 3/16..... called 2-round groups from a dead-cold barrel, off the sandbags, at 100. This is your "Sniper's Zero" test, but you could just as easily call it "Hunter's Zero": neither target is gonna wait around for you to warm up your barrel!
ENFIELD-rifled barrels (5 grooves, lands and grooves equal width) nearly always prefers a FLATBASE bullet, especially if the barrel is getting a tiny touch worn, or is anything at all over minimum. Boat-tails are fine for Rosses if you need them, but the LE prefers flatbase.
ANOTHER good load, this with the Hornady150 Spoire Point flatbase, is 40 grains of 4064, bullet seated so the entire cannelure shows at the case-mouth. Again, not a hot load but very accurate in many rifles. I am getting 6 in a ragged hole at 140, out of a P-'14 with a scope.
BEST bullet diameter for ANY .303 is .312", again by actual British 1910 test. I have NO idea why people even make .310 and .311 bullets and then try to run them in a .303. Flatbase ones you can at least kick hard on their back ends and get them to obturate, but subdiameter boat-tails are a waste of time, technology and money.
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