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I made custom bullets for a long time. Most barrels will shoot a flat base bullet more accurately when it comes to shooting very tiny groups.
It takes a lot further than 300 yards to see any apreciable difference in the exact same bullet with a flat base vs. a boat tail. I shot a lot of p.dogs with these bullets and at 450 yards, the very slightest change in the wind meant more that the b.t. vs flat base would ever make.
The boat tail moves the center of gravity forward the slightest amount, compared to the flat base. Sometimes this is good, sometimes not.
For varmint hunters, if you were to compare two identical bullet designs with the only difference being the BT vs flat base, the flat base H.P. bullet will have more air space between the lead level and the tip, which may allow the jacket to tear and expand quicker than a B.T. type bullet that moves the lead level forward and supports the tip more. Individual bullet designs vary, you really have to be careful to compare apples to apples.
Personally, I would take flat base bullets any day over a boat tail.
For the average shooter, the choice of shooting a bullet that is undersize vs bore dia bullet is more important than flat base vs bt. Most undersize bullets do not shoot as accurate as bore dia bullets or over size bullets(+.0003).
There are some custom bullet makers that are known to make extremely accurate bullets and their well kept secret is the fact that they are over size by .0003 in the shank.
I kinda got off subject, forgive my ramblings.
From someone who has swaged bullets to another bullet maker, I could not agree more.
Flat base versus boat tail is mainly a marketing "thingy" designed to get your money... A well designed bullet in either configuration will shoot better than any individual can distinguish a difference from based on design features.
That statement in itself may not make sense, but what I'm agreeing with ackleyman about is that other things than bullet base design make for an accurate bullet at any range in a hunting situation.
And under no circumstances would I want to "give up a little bit of the inherent accuracy gained with the FB bullets" (as another poster suggested) if the FB bullet is the more accurate bullet at extended ranges. I can compensate for a little bit of difference in trajectory, but I can't do that for accuracy at that range.
-BCB