I find that 5 shot groups don't help me. If I get one flyer, is that me or is that the load?
When I use 10 shot groups I get much better info. I also make sure the data are repeatable on a different day. The only down side with 10 shot groups is that you get a slightly larger number for your group size. As long as you are comparing 10 shot groups to 10 shot groups, it's fine. It also makes testing large numbers of combinations somewhat difficult.
For example, I tried three different 10-shot loads last week. The best group was 1.7 MOA, I made another 10 rounds with that load and it shot 1.4 MOA today. It verifies that 1.4 is about as good as I'm going to get with that bullet and powder, and that the one good group wasn't a fluke. It holds the 10 ring, though.
Untitled by
jr_roosa, on Flickr
After that string, I shot three more loads trying out another bullet and I got 5 MOA, 3.5 MOA, and 2.4 MOA groups...terrible. On the other hand, it's reliably terrible and it shows me that I didn't just get a couple of flyers, and I should try something different next time.
Untitled by
jr_roosa, on Flickr
These aren't as sexy as a three-shot bughole, but they are much more helpful with load development.
If anybody cares, these are .30 cal holes on 100yd reduced 600yd slowfire targets, shot at 100yds prone with a sling and iron sights. They're a little off center. As for procedure, I shoot a clean barrel, 5 sighters to get relatively centered, and then shoot groups until I'm done. I throw in a few more sighters when I change components. I don't care about cold bores because I shoot highpower matches where you are always shooting for score after a few sighters, and you a shooting about 1 round per minute. If I was working on a hunting rifle or if I was a sniper or something, I would have a different procedure to focus on a cold bore zero.
-J.