Between Model SeVens and the M700 SA, you can build a very nice .223 Rem. for target shooting. You don't specify a distance but these longer, VLD bullets (77gr Bergers) will perform out to 1,000 yards when set up correctly. I don't bother with 100 yards and these bullets. That's what they make Bart's, BIB's, etc. for!

Lapua brass
Berger 77 gr. OTM
26" Bartlein barrel (yes Matilda, it's a 4-groove...


)
Remington Model SeVen
Either EVR3 Rifle Basics or a Jewell
One of several chassis stocks or wood lam of my own design
Lots of testing produced an exceptional load with the Bergers in this barrel (1:8" twist) in the 2,900 fps node. Four different powders achieved this node but the one which performed most consistently was Alliant AR-Comp. And for those with the driving desire to check against Quickload, the OAL is 2.440" seated 0.015" off the lands. I had the reamer ground for my chamber after the testing. This is a mild load using a somewhat mild powder. You can work up the load for yourself, it's that's easy.
I have built Varmint rifles chambered for the .223 Rem but I used the original Sako A-1 receivers which are scaled for cartridges in this family. I bought lots of these when they were on closeout and just held onto them for awhile...


These were made to shoot from the magazine so the OAL is mag length and the bullets were Hornady 52 gr. AMAX over IMR 8208 XBR which is actually a little too slow for this combination but is outstanding in performance out to about 350 yards.