There are a couple of points which have been touched on in the last few posts. The easiest is the muzzle velocity. Lag time will be affected by the muzzle velocity as well as the drag and mass of the bullet. This is obvious since if we have a very slow high drag heavy bullet with the same BC as a very light low drag bullet then ultimately the lag time of the heavy bullet could be greater than the entire flight time of the light weight bullet. The down wind drift of some low speed projectiles can be shown to be roughly inversely proportional to BC multiplied by muzzle velocity. I do not know if this type of simple relationship can be applied to bullets, I have never tried it.
The second point concerns the bullets ability to turn into the wind. The equations given by a previous poster apply to the point mass model which assumes the bullet will instantaneously turn into the wind. As noted this will obviously not happen. The speed with which the bullet will turn will be a function of its gyroscopic stability factor, the higher the factor the slower the bullet will turn into the relative wind flow. If a bullet is so highly stable as to require a significant length of time to turn into relative airflow from a cross wind that bullet will also have problems correcting any other yaw angles or yaw rates and will thus tend to produce large group sizes. It is unlikely that any shooter would be using such a rifle bullet combination, particularly for ELR hence the point mass model is surprisingly accurate in predicting known wind conditions. However, if the wind conditions are extremely turbulent with a large number of changes in speed and direction between the shooter and the target, then it may be possible that there will be small differences due to the different yaw behaviour of the different bullets.
When it comes to shooting two rifles and bullets alongside each other there are other things to consider rather than just the published BC values. The drag law for a particular bullet is a function not only of the bullet shape and speed but also of the complete shooting system including the rifle and the shooter. Slight changes to any one component in the shooting system can and will produce changes to the bullet drag. Finding two bullets, a heavy one and a light one, combined with two rifles giving the same muzzle velocities and two shooters which produce identical bullet retardation at all speeds is going to be challenging to say the least.
The second point concerns the bullets ability to turn into the wind. The equations given by a previous poster apply to the point mass model which assumes the bullet will instantaneously turn into the wind. As noted this will obviously not happen. The speed with which the bullet will turn will be a function of its gyroscopic stability factor, the higher the factor the slower the bullet will turn into the relative wind flow. If a bullet is so highly stable as to require a significant length of time to turn into relative airflow from a cross wind that bullet will also have problems correcting any other yaw angles or yaw rates and will thus tend to produce large group sizes. It is unlikely that any shooter would be using such a rifle bullet combination, particularly for ELR hence the point mass model is surprisingly accurate in predicting known wind conditions. However, if the wind conditions are extremely turbulent with a large number of changes in speed and direction between the shooter and the target, then it may be possible that there will be small differences due to the different yaw behaviour of the different bullets.
When it comes to shooting two rifles and bullets alongside each other there are other things to consider rather than just the published BC values. The drag law for a particular bullet is a function not only of the bullet shape and speed but also of the complete shooting system including the rifle and the shooter. Slight changes to any one component in the shooting system can and will produce changes to the bullet drag. Finding two bullets, a heavy one and a light one, combined with two rifles giving the same muzzle velocities and two shooters which produce identical bullet retardation at all speeds is going to be challenging to say the least.