What my limited experience has found with a tight bore is this, SUPER accurate barrel BUT you can't push it anywhere near as hard as a normal bore. I had 2 barrels that I chambered in 300 WSM, both are accurate BUT the tight bore required a charge of 2 grains less not to have pressure signs. With that said, it was a SUPER accurate barrel but I sold it because I wasn't going to load 2 different charges for the same caliber. It shot bug holes.
My 308 from Obermeyer measured .298x.308 which I understood was because of the undersized Palma bullets even tho it was a 10tw. (I know 155's shoot good too. Lol) it shoots everything I put into it less than an inch. Somethings quite abit less than an inch too! Ive tried several powders and bullets from custom to commercial 185 to 208 and it likes them all. I have right at 1300 rounds through it with mild to hot loads and I will be sad once it shoots out. It will be an end of an era so to speak. Boots aint making em anymore.While cleaning out the barrel rack on one occasion, I found a certain manufacturer's barrel inscribed with .298 x .3075. Turns out it was just another experiment looking for the ultimate combination of dimensions in order to achieve some perceived advantage. Mostly these tight barrels were used for the Palma shooters who were originally stuck with undersize bullets as noted above.
The 'normal' we used to use was .299 x .308 -5R which worked well in nearly every combination of bullet and case. We switched to .300 x .308 with the gas guns which is a good decision due to pressure concerns. Rarely these days, if ever, have I run into a situation where a tight bore/groove showed any advantage.