I've been able to shoot this rifle twice more with some notes that could be of interest.
First, new test with 14.5 grain RWS Superdome pellets at a psi of 1000, 1200, 1400 and 1800 all showed the same miserable results. Highly erratic flight. My rifle simply hates these pellets.
After the 50 yard testing I decided to clean the barrel. At the moment that means I have to push patches from the muzzle and that means removing the barrel shroud. The shroud has a set screw at the base and two tension screws about mid-barrel.
After cleaning and re-assembly I found my point of impact had shifted a lot.
This led to a series of tests. All targets have five shots with 18 grain Sniper Magnums, 1800 psi, 2.75 turns on the hammer spring, the pellets are not weight sorted or sized, they are straight out of the tin and into the magazine, 50 yards with little wind. The target is a 2" self adhesive.
First, this group is the baseline which is fully assembled but with the tension screws finger tight.
So then shroud removed but the guide left installed. The guide has a set screw that fits into a dimple on the barrel itself, the shroud slides over it. It may act as a baffle as well.
Then without the shroud and with the guide removed.
Then reassembled. But this time with the tension screws installed with firm tightening.
So a tight shroud and a bare barrel are about even. The rifle is much louder if the shroud is removed.
So after all that, at 50 and 100 yards my shooting buddy and I decided to run our rifles at 200 meters. Targets initially (for me) were mini Rams (about 6" wide) and 6" rounds. I don't yet have a good ballistic table worked up for this rifle with the 18 grain Sniper Magnums yet but my guess was 91 MOA drop. I couldn't hit anything, pellet impacts were highly variable. I had 58 MOA on the scope and then holding the fifth mil dot on tree branches and rocks didn't help matters. I think I hit a full sized chicken plate at least a couple times, but it's really just random.
My buddy bought a number of 21 and 23 grain slugs, so next weekend testing those will be interesting, particularly at the 200 meter line.