Steve land, I enjoyed your post and in many ways, I agree with you and actually have made many of the points in your post right here many times. When I frequented public ranges, I rarely saw anyone shoot MOA or even 2MOA, let alone sub-moa. In fact most times, people could barely hit the paper at 100 yards. The resulting groups were more like large crowds; the shooters would put a lot of lead downrange and just pepper the target. Every once in a while, I would witness somebody actually put 3 shots inside of 2MOA and just go wild about it.
However, (you knew I was going to say that, didn't you?) I some ways I differ with you. I guess I must be the exception to your last statement, but then again I can also introduce you to many of my fellow competitors who will be happy to show you a sub half-MOA group at 100 yards, EVERY TIME we shoot.
On another thread here, I describe some of the things I have done to my M77 to make it more accurate; believe me when I write this, that M77 with my regular match handloads will pump bullets into miniature groups much smaller than MOA when I or my fellow competitors rated say Expert or higher, are driving the rifle. If all of a sudden, I can't do that with my rifle, something has gone drastically wrong.
If I cannot do that, shot after shot at 100 yards, I have no business at 300, 600 or 1000 yards and should simply return my NRA classification cards, along with the trophies and the awards I collected over the years and go back to shooting an out-of-the-box Mini-14 with surplus ammo at 50 yards and be happy when I can hit the paper 1 out of 3 times.
What I am trying to say here, it is only when you WANT to better yourself as a shooter that you will begin your journey in riflemanship. The desire to better yourself will manifest itself when you are trying to enhance your rifle system. For the vast majority of shooters here and anywhere else, they are the weakest link in their rifle system. Once your skills rise to the level where your rifle, scope, ammunition or any such combination actually becomes the barrier to the continued improvement of your rifle system, then you have to take steps to remedy the situation.
The thread here is titled "How's your M77 Shooting" I guess we can add a question mark to the question and then I will answer as follows: after the various adjustments and enhancements made to my M77 and developing a superb load for it and topping it with a proper scope, my M77 shoots incredibly well, thank you for asking. I would venture to say it is arguably the most accurate M77 on the planet and richly deserves the moniker I bestowed upon it, M77 UM (UM for Ultra Match.)
Will I take it hunting? Not on your life, it was not enhanced to do that; it is only good for one thing; F-T/R at 800/900 and 1000 yards. This M77 is unique, there are no others like it.
(Edited to remove the shooting offer. My wife 'explained' "And when are you going to have time to do that with your incessant travel and all the things that need to be done around the house." )