I just attempted to use my #4mk1 at our local high power match over the weekend.
13.0 grains of Winchester Super handicap. 178 gr Fat Loverine as cast with a check installed, .317" diameter. At home, at 50 yards they shot into a 2" group, no idea on velocity as the weather has not cooperated. At 200 yards about 1/2 the holes were showing some keyholing (the other half shot a reasonable group, though it tended to move around). What does this indicate? Need a little more velocity?