You have gotten a lot of good info so there probably isn't much more I can add. I will say I shared your same problem 2 years ago. I have a Rem 700 that was chambered in .270. I was not getting the results I wanted (I should be honest here and say I didn't try really hard). So I took the barrel and wood stock off and started reading. I eventually posted a request on this website and got amazing advice! In the end I chose to go with a Krieger barrel chambered in .260 REM along with a different stock and a trigger job. The bottom metal is still stock and I had a trigger job done. I would suspect you can go with a different contour for a barrel and lighten it up and still get the same results. After getting some loading advice (again from this website) I ended up with a great load and no guess work was needed. I consistently can shoot under MOA at at least 300 yards. I am a decent shooter, but I have to give the credit to the rifle and the load data I got from people smarter then me. I attached the photo of my best target for that day with the load data.
In the end you are better off with putting a match grade barrel on it. I would also recommend going with .260 or 7mm-08. I suspect if you keep tyring different loads you may find something that may get you under MOA, but then again you might not. Take the plunge and buy a match barrel and change calibers, you will not be disappointed, and it will be money well spent.
Mcmillan A5 stock
Rem 700 Long Action chambered in .260rem
Krieger 8.5" twist 5r 26" stainless remington varmint
Trigger job, trued action.
In the end you are better off with putting a match grade barrel on it. I would also recommend going with .260 or 7mm-08. I suspect if you keep tyring different loads you may find something that may get you under MOA, but then again you might not. Take the plunge and buy a match barrel and change calibers, you will not be disappointed, and it will be money well spent.
Mcmillan A5 stock
Rem 700 Long Action chambered in .260rem
Krieger 8.5" twist 5r 26" stainless remington varmint
Trigger job, trued action.