My 700 VLS, (1-12 26" barrel) prefers 165 - 168 gr bullets over all others tried. It shoots especially tight groups with Sierra Gameking & matchking bullets. Seems like the little additional length caused by the boat-tail design is a real plus over flat based 165gr bullets.
Just the Facts, Over the past 5 years, using Gameking bullets, I have recorded the following averages:
Shot from a bench rest, at 100 yards, 5 shot groups.
150gr right at 1 inch.
165gr 3/4 inch, * best 5 shot group recorded was a tight clover leaf at an honest 3/8 inch.
180gr 1 1/4 inch.
Hope this helps. k