Oh, yeah, it would shoot well!
In fact, one of the most accurate factory .30 caliber rifles I've ever owned was a Savage 99 EG. It would absolutely bughole 180-grain Federal factory loads at 100 yards--with a 4x scope.
John, I had the exact 99 EG in 308 with a 2.5 Leupold Alaskan on top and it was easily one of the most accurate rifles I've ever owned. It bug-holed about everything.