"What it can shoot"
A VERY short briefing on what your AR can shoot:
-there is considerable discussion on rifle (barrels) stamped cal. 233 vs. those marked 5.56mm. VERY simply stated, a rifle marked 5.56mm can shoot either .223 OR 5.56mm cartridges without issues. A barrel stamped .223 should be fed .223 ammo only, as 5.56mm ctgs may generate pressures hard on the gun over time. Most all barrels these days are marked /chambered 5.56mm, but not all.
-your next consideration is twist rate. AR barrels are made with varying rifling (grooves in the barrel) twist rates. This detail is stamped on the barrel and will appear as 1:9, 1:8,or 1:7. You may see others as well.
A 1:9 twisted barrel would typically be thought of as a slow twist. Correspondingly a 1:7 is a fast twist. BROADLY speaking, twist rate will have some effect on the accuracy your AR delivers with different bullet weights and styles. Twist rates on the fast end usually shoot longer, heavier bullets more accurately than slow twist barrels will. There is considerable discussion about the best twist rate. All twist rates will "shoot" all bullet weights, but matching bullet weight and type (length) should yield best accuracy. There is no solid right and wrong.
-bullets are sorted by WEIGHT and type, AR bullet weights can range from 40-45 grains (light) to up to 90 grains (very heavy for the ctg and rare to encounter). BROADLY speaking, heavier bullets (68 grs and up) will need a faster twist rate for best performance but....there is no standard.
-bullet TYPE, a VERY general overview
FMJ-full metal jacket, is general purpose ammo for target , plinking and
practice. It is used by the military as required by rules of war. The most
common FMJ bullet weights are 55 and 62 grains. Typically the most
affordable as well. It can be used for self defense, but there are better
choices
HP and SP, hollow point and soft point, are expanding bullets designed to
mushroom to create trauma and limit penetration in tissue. HP/SP ammo
is used in hunting and for SD. Expanding ammo is commonly used by law
enforcement as well to limit penetration and increase the chances of
"stopping" a lethal threat quickly and effectively. BONDED bullets have
features that allow the bullet to expand, yet retain integrity to allow for a
blend of expansion and penetration.
OTM, open tip match, or match hollowpoints are firstly accuracy bullets
intended to draw as much accuracy from the rifle as is possble. As noted
they are hollow points, but the hollow point is not intended for expansion,
but consistancy in manufacture. However, OTM/match bullets are often
used by military and police marksman for their intrinsic accuracy potential
and their tendency to expand or fragment or both, in tissue
OK, so a not so brief and VERY broad and general summation of .223/5.56 ammo. Those with experience will note many generalities in my comments, and space for critique, but the above is written for the novice.