Bought my new Elite II yesterday with much anticipation and promptly took it home lubed it then to the range with 100 rounds of S&B 115 gr FMJ ammo. On a bench rest at 42', the first group were about 3" right and 4" low. The gun as I received it does shoot low. The right left is drift adjustment. I called Beretta and they told me that this was within spec as far as they are concerned. I told them that it was not acceptable to me. My Elite I shoots better than the Elite II. They told me to call Novak. Novak told me that the rear sights were made to Beretta Specs. Novak also told me that a higher rear sight are being manufactured. They also said that all Elite II's with these sights shoot low. This is attributable to a rear sight that is too low. For $53 they will send you a pair of new sights.
I called Beretta and Gary said that Novak will be sending Beretta new design rear sights when they are available from Novak's supplier. Gary also mentioned that Beretta will install these new sights as they become available under warranty with a ten (10) day turnaround. You have to send them the complete gun.