It is very hard to determine what if anything you need to do to shrink that down with only 5 shots.
I'll be straight up, for 98% of the population that is excellent shooting at 500 yards. If you are looking to get into shooting things like the PRS, you will probably want to shrink it down a bit. Reason being, once you get past 650-800 yards with a .308 at your elevation, your enviromentals and physics will begin to take their toll on your shots. I know you are a big boy and can handle criticism, so I'll come out and say it; if that were my rifle I would like it a little bit tighter.
I would not be surprised if that one little guy off by himself was just a bit of a trigger snatch. If it had been in with the other shots, I would say you are exactly where you want to be.
This is about average of what I do with my AI and 175 gr FGMM at 100 yards, prone with Atlas and rear bag.
This is the same rifle with the 260 Rem barrel installed shooting hand loads at 1k at a FTR type match in GA. Now this is the tightest group I have shot at that distance to date, and it was during sight in, before the match started shooting prone with Atlas and TAB gear rear bag, hence only 3 shots. FWIW, I loaded this ammo using a Frankfort Arsenal pocket scale. I do have an Oehler 35P and the SD on this load using 140 gr AMAX and H4350 is around 6 FPS.
If I am starting with a new rifle, I like to see what it will do with and without whatever muzzle device I might be running. I have had brakes cause me grief before, so that is something I always check first. I also like to really slow down when evaluating a load. I would probably dry fire 3-5 times prior to each of those shots. Build up my position and settle in, then dry fire a few times, load a round, break shot, follow through, then break position if I was tired and start over. I know ammo is costly, but I also suggest at least a 10 shot group when doing an eval to really get an idea of what the load is doing.
I would also suggest picking up some known quality loaded ammo to evaluate along side my reloads. Something like the Applied Ballistics .308, FGMM, or Copper Creek.
A chrono is nice to have, but not necessary. If you are just starting out or a year or so into it, I dare say spend that $300+ on ammo or training. You are down near one of the best precision rifle instructors in the US, Derrick Bartlett. I would spend that $ with him and worry about a chrono later. Honestly, one of the things that helped my reloading the most was watching the old 80's era training video of David Tubb doing precision reloading. In that training video he emphasizes several times that charge weight differences are not near as detrimental to grouping as other factors. He demonstrates this at the range. I am not saying you can be all over the place with your measurements and expect laser beam precision; but I did load that ammo in the 1000 yard picture above when I did not own a chrono, and FWIW I placed 1st that day with my scored shots.
If you do decide you would like to buy a chrono, I would strongly suggest either getting a magnetospeed, Oehler, or maybe one of the Labradar units if they shake out to work well. If MS had the mounting options available when I bought my Oehler 35P, I would have just bought the MS. That said, the 35P is the gold standard. The best place to catch a deal on any of those is of course Snipershide's EE. Lots of guys moving from Oehlers to MS or Labradar, so at times you can find a deal on an Oehler.
I would also suggest picking up some Applied Ballistics loaded ammo with the Berger 185 gr Jugg bullet. I love that bullet in my .308. One of the best bullets you can get for the .308 IMHO. Lots of guys on the hide have had great luck with that bullet and PP 2000MR powder, getting insanely high velocities without the normal pressure signs you would see with other powders.
Keep us posted on your progress!
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