I don't think handloading is necessarily part of loonyism--except the kind Jim in Idaho described, where loonies who almost never shoot except off a bench (and even then maybe never beyond 100 yards) strive for the tiniest groups, even though such groups are meaningless in the vast majority of hunting.
I've known guys who handload and shoot a lot, but don't buy and sell and "build" rifles constantly, hoping one will change their life. Instead these guys handload because they shoot a lot, and because they shoot a lot they shoot well, even off their hind legs "like a man." Hell, I even known one woman, very well, who shoots off her hind legs very well, unlike most men. :-)
