Hunting bow range is not 60 yards. Competition isn't shooting at a living animal.
The only relationship I'd consider there to be with extreme bow/rifle range is time in flight. When a bullet takes as long as an arrow to reach it's target, then you need to think about animal movement more than your own accuracy. If your projectile is traveling faster than the speed of sound, your theoretical limit is within your naked eye range. The practical limit is what distance you've practiced at and your available light on your sights and your target.
The only relationship I'd consider there to be with extreme bow/rifle range is time in flight. When a bullet takes as long as an arrow to reach it's target, then you need to think about animal movement more than your own accuracy. If your projectile is traveling faster than the speed of sound, your theoretical limit is within your naked eye range. The practical limit is what distance you've practiced at and your available light on your sights and your target.