No. 4 Mk. 1 Accuracy
I experienced exactly the same thing shooting my No. 4 Mk. 1 at 100 yds -it hits about a foot high if you are aiming bullseye with battle sights. On the ladder sight, it has to be set at 300 to hit the bullseye. I was thinking of replacing the front sight blade, made up three (3) tools for that screw holding the blade but could not unscrew it. So, I decided instead to find myself an aiming point at 100 yds with battle sights - something like aiming at 6 o'clock or, by trial and error, select where the tip of the front blade has to be in the aperture to hit dead centre. Next time I am at the range, I'll try that and let you know.