A lot of us 'chase' accuracy with cast bullets. Mine are .308. If I have a really good day then my groups will be just under an inch at 100yd. Most of the time I will have at least one flyer open it up to 1.5" (3" at 200yd). Those are 5 and 10 round groups.
If you look at the cast benchrest matches someone who consistently shoots less than 1" groups will usually win a match.
My .223 bolt gun 'easily' shoots 1/2" at 100yd as long as I am doing a good job shooting. That takes good bullets. I prefer the 69 and 77gn Sierra Match Kings as a decent balance of accuracy and price. Another shooter did a long comparison of .223 components and settled on 77gn Sierra Tipped Match Kings as being slightly better than the hollow point SMK's. Berger's, Lapua's, etc are at another level if you and the rifle can take advantage of their precision and extra cost.
If I want a load for plinking I will use the cheap 55gn FMJBT ammo. Pre-COVID I would pay just under $11/100. They would shoot just over 1" at 100yd.
For short ranges you could also follow the bench rest folks and use flat base varmint bullets out to 200yd.
FWIW, it takes a good rifle and skill to shoot a rifle consistently at less than 1/2MOA.
So, all depends on how accurate you want to be. And factor in the above comments about trouble with function on a semi-auto.
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BP | Bronze Point | IMR | Improved Military Rifle | PTD | Pointed |
BR | Bench Rest | M | Magnum | RN | Round Nose |
BT | Boat Tail | PL | Power-Lokt | SP | Soft Point |
C | Compressed Charge | PR | Primer | SPCL | Soft Point "Core-Lokt" |
HP | Hollow Point | PSPCL | Pointed Soft Point "Core Lokt" | C.O.L. | Cartridge Overall Length |
PSP | Pointed Soft Point | Spz | Spitzer Point | SBT | Spitzer Boat Tail |
LRN | Lead Round Nose | LWC | Lead Wad Cutter | LSWC | Lead Semi Wad Cutter |
GC | Gas Check |