You'll hear a lot of BS on this issue. Just wait. "These are high-grade guns, and a steady diet of high velocity will damage them." If you hang around the "niche-specific" forums long enough, you'll inevitably hear some old fart claim, "The gun was designed for ____ brand of ammo, that's what Smith and Wesson told me." (With no proof, of course). Heck, someone may even trot that out here, if we wait a bit...
But no...It's a high-quality, all-steel, American-made .22lr, it's "designed" for SAAMI-spec ammo just like the others, and high velocity ammo will not damage it. That being said, ammo quality varies, and not all types will function equally. In the "old days," bargain ammo seemed to work ok, but I think certain brands have really slipped in their quality during the modern age. You might find you need to stay away from brands that have a "gummy" or waxy lube around the bullets, like Super-X used to have. Look for brands that have a clean, smooth appearance on the bullet with nothing "sticky."
Before I figured out what to feed it, I could usually count on 2 or 3 alibis per match. I have learned that I have no reliability problems whatsoever, and my .22 will now feed just as reliably as my .45, if I feed mine CCI Standard Velocity for practice, and Eley for matches.
(If you're one of the pigeon-feeders who sits outside your local Gander Mountain Friday mornings waiting to buy up all the "cheap" high-velocity ammo, you might not get flawless feeding...but you're probably not shooting matches, either, so you won't mind).