Jimro, I believe your data from JBM is what it calculates. But I don't think it's reality.
From Sierra Bullets' software with a 30 caliber 175 HPMK leaving at 2600 fps with 59 deg, 78% RH, and 29.92 pressure....
1214 fps at 1000 yards.
Mach 1 = 1116.15 fps with above atmospheric conditions.
Bullet's moving at Mach 1.08767 at 1000 yards.
That aside, depending on whose software you use, there's typically a 3 to 5 percent spread in results. JBM's software only allows 1 BC number. What BC did you use for the 175? Sierra's proved their bullets have different BC's for different velocity bands; if that's not used in the software, its calculations won't be accurate. Their G1 BC numbers for the 175:
.505 @ 2800 fps and above
.496 between 1800 and 2800 fps
.485 @ 1800 fps and below
I used JBM's software for a 175 MK leaving at 2600 fps with a G7 BC of .327 and it went 1407.3 fps at 1000 yards; Mach 1.260.
Having measured Sierra's bullet velocities with a couple of their 30 caliber match ones then calculated down range drop at 300 and 800 yard drops with their software, converted drop numbers to sight settings put zeros within 1/4 MOA of actual with actual range atmospheric conditions used. Pretty much convinces me Sierra's software is excellent for their bullets.