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Doug, Have a number of 700's and one 40X. All are set up for varmint hunting. 223, 220 Swift, 243 Win, 204 Ruger and a 6 Ackley Imp. Some are custom re barreled, some out of the box factory stock. The 40X out of the box was the most accurate, 1/4 inch groups no sweat with multiple loads. Have had several of the factory "heavy bbl varmint specials" shoot nearly as well, 1/2 inch and better with again multiple loads. The 40X action has more attention paid in the machining process, trued, better bolt lug engagement etc. The barrel is also normally a higher quality than that of a box stock rifle. I know of a 40X that did not shoot well and the barrel copper fouled badly. What really matters is how accurate you "need" your rifle to be and do you want to work with it to improve the accuracy your getting. Loads and bedding for example. If I was to purchase another "Varmint" shooter would buy a non 40X version. If it didn't shoot, (my experience most will and for a lot less money), would have it re barreled and smithed with a Shilen or Hart etc, and not look back. All but one of my re barreled 700's (the 6 Ack Imp) shoot as good or better than the 40X. Hope this helps.