LOL!! I'm not sure on the "sharp" part, but I currently own two of them and have shot one since 1999. Both are bolt guns.
You could probably argue all day as to which is better - the Tac 20 or the 204 Ruger - as they are ballistic twins. The Tac 20 is a little bit better balanced cartridge in terms of powder consumption, velocity and bore diameter, but not enough to get rich on over the powder saving in 100 years.
A negative I see frequently stated for the Tac 20 is you have to fire form cases with it. In reality, you use the form die to push the shoulder back and neck the case down in one operation (with the newer Redding form die) and then fire form. Very little fire forming actually takes place other than the case is improved slightly. But, I've never seen a Tac 20 yet that won't shoot a fire form load to the same point of impact as a formed case will. And they both use the exact same powder charge.
So....the fire forming issue/disadvantage is a little over stated in reality.
I have an older Redding form die that pushes the case shoulder back on a 223 Rem case, but I then run the case through a Tac 20 FL size die to reduce the case neck to 20 caliber. At some point, Redding changed their form die to do it all in one step, but I'm not sure when they did that.
You can get by in making Tac 20 cases without the form die just by running a 223 Rem case through a Tac 20 FL die. However, you generally get a wrinkled case body just below the case shoulder that shoots out OK the first time. But, the case looks crappy going into the rifle the first time.
I'm not sorry I sprung for the form die. Several other Tac 20 shooters I know don't use one and have suffered no ill effects with the wrinkled cases. Personal preference, I guess, of looks versus the cost of the form die.
A real advantage is the good 223 Rem brass like IMI and Lapua that is available to make Tac 20 cases. I realize that IMI cases are hard to find today. I bought 1000 IMI cases in 1999 and am still using them. WW brass works great also. I've never tried Rem or Federal 223 Rem cases.
Just for reference, the case length of a fully formed Tac 20 case is the same as the length of a 223 Rem case. No trimming is required or needed.
As for reloading the Tac 20, I've tried several powders over the years, but always end up going back to Benchmark. It just seems to fit the Tac 20 case very well. Rel 10X also works well.
Mike johnson's Twenty Caliber page has some good Tac 20 reloading recipes. The bullets mentioned are no longer available (33 grain Hornady, 36 grain Berger, and 40 grain Lucas custom bullet), but the data gives you a good place to start with today's 20 caliber factory bullets.
http://www.angelfire.com/sd/6mmackley/twentycaliber.html
So...that's a little bit about the Tac 20. PM me if you have other questions, and I'll try to help.
-BCB