Here are my last 3 ladder tests. Two using the Crony that Midway has on sale for $79. The other’s from an old $100 Shooting Crony that I put a bullet through a few months back. While I’m not a statistician, using some fuzzy math you can see the probability that these chronographs have a 1% shot to shot error is somewhere in the light year realm. While the probability that it has a ½% error is in the chance to win a big lottery realm. I’d say these numbers show that even the cheap cronies have at most a .2% and more likely a .1% shot to shot error. Now that doesn’t mean that it isn’t reading a consistent 30-50FPS,or 1%) off of actual speed on any given day or in any particular condition. But for load development purposes consistency is what I’m mostly after. 
New 8 twist Broughton, 6BR, Kelbly Griz2, Master Class stock, 36X Big Sky Sightron, 268 neck, 300 meters, 70F, no wind, 105VLD Berger, Varget, CCI SR, Lapua brass, 3 shot groups.
load     %fps       ES       SD     group
29.1     2738       29        ??       .93â€
29.4     2790       27        14      1.05
29.7     2799       40        20      1.67
30.0     2823       23        12       .88
30.3     2843       24        ??       .76
30.6     2885       15         8        .88
30.9     2906       44        23      1.41
31.2     2945       10         5        .94
Factory 9 twist 223 Winchester HV, 36X Weaver T36, 300 meters, 80F, 10MPH erratic wind ignored, 75VLD Berger, Varget, CCI SR, Lapua brass, 3 shot groups.
load    %fps        ES        SD     group
24.0     2812       50         29      1.58â€
24.2     2833       30         15      1.03
24.4     2871       48         24      2.06
24.6     2894       28         15      3.77
24.8     2935       42         26      2.80
25.0     2945        7            4      1.74
25.2     2963       17           9      1.73
25.4     2966       27         14      1.16
25.6     2997       23         12      1.50
25.8     3021       11           5      2.03
8 twist Brux, 6X47L, Kelbly Griz2, Master Class stock, 45X Leupold Comp, .268 neck, 200 meters, 49F, 0-5MPH wind ignored, 105VLD Berger, IMR4350, CCI SR MAG, Lapua brass, 3 shot groups.
load     %fps     ES       SD     group
38.5    3031       3          1        .51
39.0    3061      33        17       .75
39.5    3111      15         8        .81
40.0    3152      12         6       1.28,pulled big {dang Ship benches})  
So because of luck you can have a small group and high SD. But show me a small 10 shot group at 400+ yards with a SD of 20+. It just ain’t going to happen but once a millennium. 
And yes you can have a large group with a low SD. Bad lot of bullets, bad crown, conditions, shooter error……  And a bad SD doesn’t necessarily mean a bad load. Could be bad primer, media in the flash hole or case, lube…..
And there’s plenty of times that I’ve shot 7-8 shot groups with the same load on different days and got very close to the same results SD wise.
Edit: Photos added, 6BR & 223 superimposed onto 1 sheet for keeping. 6x47 not worth the time.