I have one and think they're pretty nice factory rifles. Another one I considered when buying was a Savage Predator 10 max 1, which should be close to the same price and seemed to be well liked, they come in 6.5CM or .260. I picked the Ruger.
I shot several groups with factory Hornady 120 and 140 amax and had a lot of groups with 2 touching and 1 off a bit. I though about selling it also as I was a little underwhelmed but kept it and took it to a gunsmith and had him skim the recoil lug area. He's a very good shooter, and sent it back with a target showing 5 shots into just under an 1" with 140 amax decent for factory ammo, and a group of 3 shots right on top of each other with 129 Hornady SP. He said it's GTG and should be a shooter. I sold the scope I had on it and haven't got it going again yet as I keep changing things around on it, as I'm apt to do.
I like the L6 Target trigger, and the rest of the gun is bulletproof like all M77's. The stock is pretty nice if you like laminates, I've come to not like them a whole lot, but this one is decent as it's a sporter style with checkering and looks pretty good with the target grey metal finish.
So, I'm not gonna say whether you should or shouldn't try it, but I feel like they are a well built rifle for a pretty good price.