It's easy to use ballistics software and figure out what the angle of fall bullets have at any target range. I've done so for the .308 Win. and at 1000 yards, bullets drop about 1 inch for every yard of downrange travel with their 1.6 degree angle of fall.
Note also, that on M1's and M14's, a zero at 1000 yards means a come up from a 200 yard zero of some 37 or 38 clicks is needed. When added to the 5 or 6 clicks up from boresight to zero at 200 yards, that means 43 or so clicks up for a 1000 yard zero. Each click's about 1 MOA and 43 MOA at 1000 yards equates to about 430 inches of drop for the bullet. That's about 36 feet.
Note also that the maximum ordinate (bullet height above line of sight) is about one-third of their total drop at the target. Here's some examles:
.308 Win, 1000 yard zero, max ord equals about 11 feet; for 600 yard zero it's about 3 feet.
.300 Win Mag, 1000 yard zero, max ord equals about 8 feet; for 600 yard zero it's about 2 feet.
At any horizontal target range, the angle of fall's much greater than the angle of departure (up angle the bore's at when firing the bullet). Only in a vacuum will they be the same.
The nose of the bullet does not maintain the same attitude it had when it left the barrel. . .; contrary to the popular myth that it does. The bullet's spin axis always stays parallel to the trajectory curve just like a passed football from a quarterback enroute to the receiver; they both nose over so their drag stays fairly constant. If bullets stayed "nose up," then their BC's would go horibbly low in the last part of their flight. Can you imagine an artillery projectile flying through the air and being accurate in its downward 45 degree path if it had the 45 degree up angle it was fired at and was 90 degrees to the trajectory path? Yikes, folks, go figure this out!!!!!!!!!!! Small arms ammo's no different.
In real world stuff, consider the .308 Win. shooting 155's out at 3000 fps and zeroed at 900 yards in a Palma match. About 7 MOA comeup's needed to zero at 1000 yards. So, the bullet's down about 70 inches 100 yards past its place at 900 yards. Straight line, that's about 1.1 degrees down, but the trajectory's curved so the bullets angling down at about 1.6 degrees when its at 1000 yards. The rear sight's up about .5 degrees above boresight for a 1000-yard zero.