Get yourself a rectangular piece of cardboard about a foot wide and three feet long, and a thick tip black magic marker.
Using a straight edge draw a line down the middle with roughly six inches on either side of the line, then draw a cross hair line across the bottom that bisects the vertical line.
Use a plumb line and hang this at 100 Yards so it's perfectly vertical and the crosshair line is at the bottom. Set your scope for 100 yard zero and shoot a group at the crosshair. Assuming you've hit near the crosshair line, then set your elevation for 200,300,400 yards and shoot a group. This is a great way to see if a minute adjustment on your scope really results in a minute difference in POI.
As you increase the elevation subsequent groups should stay on the vertical line. If they don't; the target line is not plumb, you're canting the rifle when you shoot, the scope reticle is not level to the receiver, or some combination of the above.
Be prepared to find that you're dialing in the correct elevation change but in the WRONG DIRECTION (I've done it!)
It's not clear if your velocity is estimated or measured but the numbers you're using seem reasonable.
168 gr., .617 B.C.
www.hornady.com
Range (yards) Muzzle 50 100 200 300 400 500
Velocity (fps) 2950 2875 2802 2658 2519 2385 2254
Energy (ft.-lb.) 3246 3084 2928 2636 2367 2121 1895
Trajectory (100 yd. zero) -1.5 -0.2 0.0 -2.9 -10.7 -24.0 -43.3
Come Up in MOA -1.5 0.4 0.0 1.4 3.4 5.7 8.3