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I agree with Jack on this one...the rifle may be capable, but is the shooter? Sub MOA at that range would require an excellent marksman, match ammo, perfect wind conditions, and a good scope wouldn't hurt.
Try asking that question SH...there are a lot of long range shooters on that forum.
Those comments being said, I miss my Savage 10FP 308. I sold it last year and replaced it with a Remington 5R. The action on the Remington is nicer, but I'm not convinced that the 5R is that much more accurate than my Savage.
And I'll disagree with both of you...
Are we on the same page, that 1 MOA, at 500 yards, equals about 5.5 inches?
If so, this is not terribly difficult to obtain.
If you start with a half minute rifle, in a vacuum, then theoretically, you are looking for 2.5-3" groups at 500 yards.
Now, add the real world factors such as wind, shooter error, load inconsistency, etc.
That leaves you a full 2.5-3" of leeway to achieve MOA.
About 7 years ago, I was at my range which, at the time, had a 700 yard rifle range. I was playing with my M-14 from different field positions, when a dude showed up with his AI tactical .308 bolt gun.
I politely asked (ok, begged) to try it out, and fired a 5 shot group with Federal Premium 168's. My group measured 5 inches, and 4 of the shots were in 3.5". So this was about .8 MOA, at long range, with a rifle I'd never fired, in real world shooting conditions.
So I think it's well within reason to expect MOA @ 500 with your Savage 10FP. /ubbthreads/images/graemlins/grinning-smiley-003.gif