Theoretically there is but im sure its offset by the damage done to the jacket/core relationship
This is simply pure disinformation. The jacket/core relationship is not damaged if the bullets are pointed correctly. If they're improperly pointed, that's the user's fault, not the pointing process. I'm guessing Dusty does not point bullets and apparently doesn't approve of the process. Other readers might want to keep that in mind for his responses to this thread.
BC, in and of itself, really has little to do with "grouping", if you're using the term in the most common way. The only thing higher BC realistically buys you is greater resistance to wind deflection. If shot dispersion was solely caused by wind deflection, at a sufficient distance and under a sufficient wind condition, the higher BC bullet should always
theoretically print smaller "groups" than the lower BC bullet when fired at comparable velocity. That is because the higher BC bullets would be deflected on average to a lesser degree in any given wind condition than the lower BC bullets, so theoretically, the group horizontal dispersion would always be less.
Unfortunately, shot dispersion isn't caused solely by wind deflection. So that is not what we typically mean by "grouping", at least as far as load development/precision is concerned. Because of the [sometimes very] poor uniformity found in the meplats of commercial target bullets, pointing meplats also has the potential to improve the uniformity of the bullet nose, an effect that can easily improve "grouping", an effect noticeable even at short range or under dead calm wind conditions.
If you want to take the time, you can read the forums here over some period of time and form some idea for yourself of which disciplines are, or are not, using bullet pointing as a common practice. In F-Class shooting, the course of fire is typically 20 shots + sighters/foulers over a 22 to 30 minute time period. During that relatively long time period, the wind conditions are often changing constantly and you will typically lose far more points to missed wind calls than any other cause. A load that will print groups at 100 yd in the 0.1s doesn't mean a whole lot when you're shooting long strings of fire at 1000 yd in challenging wind conditions. So reloading and/or shooting strategies that might work well in other disciplines don't necessarily always carry over to F-Class. The reverse is also true. In other words, you should use the approaches that have been proven to work in your specific discipline.
For that reason, many F-Class shooters choose to point bullets, because it buys a small increase in BC, which by definition also means a small benefit in decreased wind deflection. Typically, the BC increase is not large; typically on the order of about 3-5% over unpointed bullets. However, if a shooter has the ability to make reliable wind calls at that distance to within a 3 mph spread, even that small increase in BC is sufficient to make the difference of one or two dropped 9s just barely outside the 10-ring during the course of a match. We're not talking about a quantum leap in performance here. However, in this day and age in F-Class, even that small improvement in BC can mean the difference between winning and not winning. The score margins are often very small, so every little bit can help.