Here's something contemplate. It seems to me that consistency ought to be the key to accuracy (precision). It follows that shooting groups with low ES and low SD numbers should produce improved MOA and Mean Radius when the bullets impact on the target. It just makes sense, or at least it ought to make sense............ right?
After reading this thread, I thought it might be fun to look at a representative batch of data. I dug up the Excel spread sheet data for Berger 80gr VLD's shot from a .223 Shilen Match barrel at targets which were scanned and carefully measured using On Target Software. Each of the data points consist of five-shot groups at 100 yards. I have data from 560 rounds of the 80 VLD's shot from this particular barrel, but of course many of them are expected to exhibit diminished precision since during load development the highest and lowest charge weights, for example, often aren't the best. So I picked the best 175 rounds (35 groups) of this particular bullet and examined the data.
The average MOA is .334 and the average Mean Radius is .117, so while these aren't world record groups, they're not bad.
SD's ranged from a low of 5.07 to a high of 36.49.
This plot shows both MOA and Mean Radius of these 35 five-shot groups vs SD. If good groups are correlated with low SD's, then one would expect the trend line to rise from left to right. In fact, it decreases slightly. That means that the low SD values that we all try to achieve are no guarantee of precision when the five bullets get to the target.
In fact the smallest group had an MOA of .167 with an SD of 25.91. I'm happy to brag about any 5 shot group with an MOA in the "ones" but I'm certainly not proud of the corresponding SD.
I have lots more data on various bullets from several guns and when I study SD's for my 5 shot groups the results are essentially the same. That is to say I don't see any correlation between small groups and low SD values. Often the results show a tiny trend in the opposite direction; i.e. better groups with worse SD's. Nevertheless, I regularly place in the top three in 600yd F-Class and BR matches using loads identical to the ones which produced this and other sets of data.
I continue to strive for low SD's but unlike some, (especially those who measure their group size with a coin and keep their records by scribbling in a dog-eared note book and saving a pile of old targets) I don't put too much emphasis on SD when it comes to selecting a good load recipe.
Where I shoot, the trophy is given to the guy with the highest score or smallest group; not the guy with the best chronograph data.