I've got a 223 AI. I normally receive a 7% increase in case capacity upon the initial caseforming. Looking at the graph below, I can reach over 3850 fps without any signs of pressure and I've hit 4,000 fps with flat primers.
Cooper MTV, 1:14 twist
R-P brass, Federal Gold Medal Match primer, Temp 65 degrees
Sierra BlitzKing 40 grain, OAL 2.955"" (Sinclair comparator)
3800 FPS REQUIRED
Charge---Velocity----FPS Diff.---ES----MAD----MAD %
27.0------3660.1-----00.0------96.2---22.2----0.60%
27.1------3688.6----+28.3------83.9---20.7----0.56%
27.2------3699.4----+10.8------81.7---22.3----0.60%
27.3------3707.5----+8.1-------65.3---14.5----0.39%
27.4------3662.7-----44.8------108.2--27.5----0.75%
27.5------3674.1----+11.4------87.6---24.5----0.66%
27.6------3667.1------7.0------70.7---19.8----0.53%
27.7------3765.0----+97.9------79.5---23.9----0.63%
27.8------3766.4-----+1.4------74.1---21.4----0.56%
27.9------3753.1-----13.3------74.3---20.2----0.53%
28.0------3782.9----+29.8------98.7---29.2----0.77%
28.1------3800.2----+17.3------86.9---19.8----0.52%
28.2------3884.1----+45.5------171.1--39.6----1.01%
Considering that I'm only burning 28 grains of propellant compared to the 40 grains with the 22-250, I'd say I'm ahead of the game. Oh, you want to compare it to the 204? On MidwayUSA, Sierra sells their 20 caliber 39 grain BlitzKing in 100 round boxes only while you can purchase 500 round bulk packs in 22 caliber all day long. Cost of components was a major factor in my decision. Brass, bullets, and propellant add up after time and I wanted an economical caliber. Just for the record, I've still got a couple bucks in the bank and nearly 4,500 rounds through that barrel since 2004.
I think it's a nice step up in performance for a minor increase in effort and propellant.
I certainly wouldn't brush it off as being insignificant.
Ed