With old Czech silvertip surplus ammo I was able to shoot about 3" group at 100yds, it shoots low though, about 16MOA off point of aim. BTW a Limbsaver makes all the difference for shooting the M44, First time without it and I was starting to flinch bad after 15-20 rounds and with it on, i was able to shoot 100rnds and not really notice anything, other than the massive BANG....
This was also with the bayo out, I havent shot with it in yet I so can't comment on that.
I would really like to try some handloads but I'm still aways from that yet..