OK, I picked up a box of SMK 68 grain bullets and decided to check a few things out before I play around.
I used my Hornady OAL gauge to measure the length of the cartridge when the ogive touches the lands. Just for grins I compared a brand new Black Hills (BH) cartridge to this imaginary cartridge. The BH bullet is clearly seated well off the lands.
Measured length to lands of the SMK in the gauge is 1.995", measured length of the BH round is 1.897". If we believe the SMK bullets BH used are identical to the ones I bought at a LGS, that implies the BH is seated 0.098" off the lands.
Furthermore the COAL of the BH is 2.242", the imaginary (resting on the lands) is 2.378". In other words, the BH is within the maximum COAL of 2.260" whereas the imaginary round is 0.118" over the maximum COAL. If I backed off the lands by 0.005 that would still leave my hand load 0.113" longer than maximum. I don't know how important the maximum SAAMI COAL is in a bolt rifle, I'm guessing it might cause feeding problems in auto loaders.
In any event, the BH round clearly has a respectable amount of freebore in this particular rifle.
So, should I start with the SMKs seated similar to the BH, see how that goes and sneak up on less freebore? Or play the kiss-the-lands game and increase freebore to see if I can meet or beat the BH that way?
The bottom one is the BH cartridge.