I've always been curious why some bullet holes are neat like a paper punch and others a little ragged. I've found no correlation between group size, es/sd, velocity, bullet type. I can do a ladder test (I'm limited to 200yds.) and usually find one grouping that is cut like a paper punch. It may or may not be the "smallest" group of the ladder. At times it's the smallest group with the best es and other times it has no grouping at all with a large es. I can only guess that these paper cut groups are perfectly stabilized @ 200, might not be accurate but they are hitting the paper perfectly straight on. Anyone else have any comments on this. Eric in DL