A billet upper? Are you nuts, it should be forged! You'll never hit anything with a billet upper.
Ok, just kidding there.
I started in F-TR with an AR-15 and after a while I rebarreled it with a 26 inch Krieger. The twist rate in mine is 1:7.7, not 1:7. I also had them chamber it with their 5.56 NATO Match chambering, which allowed the use of long bullets.
I used a Bobsled as a bolt open device and it really makes single loading a breeze. I also installed a through-the-fingerguard bolt release, which makes it much more convenient once in position. Because I was using this rig for 1000 yards, I also added a CWS to the carrier, with the heavy insert. I was using nuclear-grade loads and wanted to retard the bolt unlocking as long as possible. I also swapped the action spring with one of Tubb's C/S spring. (I have one of those in all my ARs, including my AR-10, eliminates the boing sound.) In fact, I replaced all the springs with C/S springs equivalent whenever possible. The stock is a Magpul PRS and the bipod was a Sinclair Gen 2 at the time. I replaced the regular grip with one of Tubb's grip, which is the absolute best for shooting prone with an AR.
For ammo, I was using the 80gr JLKs at all ranges (300,600, 1000) in a Winchester case with 25.5gr Varget and the bullet seated at over 2.5 (I forget the details.) I did start with the 75 A-Max, but I could not keep them supersonic at 1000 during the Houston winters; the 80 JLKs never gave me an issue.
I never used the 77SMK for F-class as I consider that bullet to be the best for mag-length cartridges and sub-par for single loading precision. The 69 gr was better but the 80s are far superior.
At the end of my run with that AR, I was able to reach High Master at mid-range (300-600), but could not get out of Sharpshooter at Long Range. Stuff happens to .223 bullets past 600 yards. That's when I decided to switch to a bolt .308 and never looked back.
I had a great time with that AR, it is an absolute fun gun to shoot and precise as all get out, but even with an MV of over 2800FPS, the 80grainers just could not keep up with the tiny F-class rings at 1000 yards.
You will have a lot of fun with an AR, I could actually go though a string without ever breaking cheekweld. The semi auto action yanks out the spent case and I just dropped a new cartridge in the port and pushed the bolt release lever in the trigger guard and was ready to go again.
Lots of great advice here. Thanks for taking the time and including so much detail.