My m96 shoots 5 139 grain Lapua Scenars into a .301 (center to center) group at 100 yards. I has the original military barrel and it's bedded into a Bell and Carlson medalist stock.
The original barrel is a bit of a pain in the butt because it heats up so fast and causes mirage (though the change in poi is minimal).
I'll never win F-class with it, but it should suffice for any reasonably sized target out to 1000 yards.