Update:
Well after my absolute train wreck at Perry, I've made a few changes.  Installed a proper front sight blade, clean some trigger parts (made a significant improvement from the previous 7+ lbs) and zeroed the 1902 sight with "V" notch as opposed to the aperture. 
Also tried reloading the Hornady 160 Gr FXT bullet with 41.5 grs IMR4350.  The chrono results averaged 2228 FPS (5 shots) vs 1920 FPS 41.3 grs H4831/220 Hornady.
The 160 FXT was originally designed for 30-30 tube fed rifles, providing improved range and accuracy, i.e 300 yard capability.
Groups noted below.
Vic

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