Norm99;
In the fall of 1982 my wife bought a 788 carbine in .308.
Since that time, I've worked on at least 3 other 788's that I can recall right now and shot against many more back in the '80's when I did a bit of shooting in Hunter Rifle class at the local club level. All of the 788's that I've run across have shot acceptably well, some, like my wife's and a couple of the others shot much better than they had any right to.
I'll note that I did restock my wife's with a walnut semi-inletted blank, but that was for cosmetic reasons, not for function. As with any other rifles that live very long at our house, her's has been bedded with marine epoxy.
As noted by other posters, the 788's were known for a fast lock time and a stiff action, as the small ejection port and single feed slot milled in the bottom made for a lot more metal remaining than other actions. I've always thought that a tubular designed receiver should make it a bit easier to thread straight as well, but I could be wrong about that.
They had a bit of a weakness in the trigger design in that the bolt release is a pin which rises up in front of the sear portion of the trigger that engages the cocking lug on the bolt. If the pin, which isn't particularly large, happens to break, then the entire trigger unit will need to be replaced.
The factory trigger in all the 788's that I worked on were non-adjustable as well. They could however be taken apart, have the mating surfaces stoned and the sear spring replaced and improved in that way.
Timney also makes a replacement trigger unit for them. I picked one up from Western Gun Parts last summer and installed it in my wife's 788 and was very pleased with the result.
Hopefully that was some use to you. Good luck with your new rifle.
Regards,
Dwayne