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Finally found some bullets for handloading in my no 4 Mk I & SMLE Enfields. No 174s available right now but found some PPU soft nose 150s at Powder Valley. If any one's using 150s how much difference from the 174s in POI are you seeing.
I am shooting 150 Hornady. I never shot any other weight. My milder loads shoot quite a bit off from PPU factory 150. I imagine the POI with 174 would be off even more. On the No5, I raised up the sight. Going by memory using 300 yd setting for 100 yd zero. My No1 has a Parker Hale rear aperture sight and was able to zero that. Oddly, I had to bring that sight down. The rear tangent sight is still on the gun and that was pretty close to right on with my mild handloads while PPU would have been low. I know that seem the carbine was opposite the rifle.

My constructive comment is I am getting good accuracy with 150. I am new to shooing both of these and not working with a lot of brass. I think I am seeing 1 MOA with the No1, using the excellent (no drill, no tap) target sights.

My handloads are neck sized, which means dedicated to a specific gun. That has me headspacing on the shoulder not the rim. Hopefully best accuracy and longer case life.

I remember, I am using 6 oclock holds with both guns and set zero at different ranges. Th 150's shoot great, sorry - to much babble on POI,
Thanks for the info. Good to hear about the 150s accuracy. Now I'll have to see where they're hitting and zero accordingly. Shouldn't be too much trouble with the No 4s Vernier type sight but the SMLE might take a little more work.
I've had good results in the .303 with the 150 gr. Hornady and Varget, IMR4895, and IMR3031. I've never been concerned where the POI was in relation to the rear sight range markings. Just get a good load and zero the rifle, If you want to shoot at longer ranges zero for the longer range and record the sight settings. I have found the No.4 adjustable sight to be reasonably repeatable for changing settings since they are a well-made sight.
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