Well, OCW doesn't require a chronograph and including it in the mix may be confusing you. If you are shooting 3 or 5 shots and making decisions based on chronograph data you would probably have more success going to Vegas and picking a game.
OCW identifies a load where the barrel harmonics and rifle system create a repeatable point of impact for a given power charge ( a node if you wish to call it that). It is not overly sensitive to velocity but appears to be more related to barrel time. The chronograph measures velocity. Its results are dependent on sampling and the velocity is subject to random noise (velocity) variations in the loading process and component variation. Standard deviation is not a velocity measurement but is a statistical analysis of the variation in the velocity data. To have meaningful results it requires a significant amount of data if you wish to compare one load's standard deviation versus another. As for extreme spread it is not variable that has any significance. We tend to use it, but its use is anecdotal.
The first thing you should do when searching for an accurate load is choose quality components, ie case and bullet, then choose a powder of an appropriate speed that will give you >90% case fill and near 100% burnout in the barrel.
OCW identifies a load where the barrel harmonics and rifle system create a repeatable point of impact for a given power charge ( a node if you wish to call it that). It is not overly sensitive to velocity but appears to be more related to barrel time. The chronograph measures velocity. Its results are dependent on sampling and the velocity is subject to random noise (velocity) variations in the loading process and component variation. Standard deviation is not a velocity measurement but is a statistical analysis of the variation in the velocity data. To have meaningful results it requires a significant amount of data if you wish to compare one load's standard deviation versus another. As for extreme spread it is not variable that has any significance. We tend to use it, but its use is anecdotal.
The first thing you should do when searching for an accurate load is choose quality components, ie case and bullet, then choose a powder of an appropriate speed that will give you >90% case fill and near 100% burnout in the barrel.