I have two (.243 and .30-06)...well, the .243 has been claimed by my wife, but I get to borrow it for coyotes.
I sent them out to be rebarreled and have an "accuracy job". This consists of free-floating the barrel, bedding the forearm to the spring hanger and receiver, and polishing trigger for a crisp 3# pull.
While they were being reworked, I decided to restock them with full width "1B" style forends, in laminate, and finish all the metal with black Gunkote.
I like the ruggedness and simplicity of the action, but I didn't like the accuracy. The ones we had were doing 2 MOA. That's acceptable to Ruger, but I didn't think it was good enough.
The #1 will never be as accurate as a high end bolt-action. However, they can be rebuilt to acceptable accuracy. 1 MOA is typical, and sometimes this 'smith can turn out some that are better.
In summary? Ruger #1's can be a good rifle, but accuracy can vary. You might have to put some time and money into it if you are unlucky and get one that "doesn't shoot".
I figure I'll have well over double the original cost into each rifle by the time I'm finished. Still a little cheaper than a Dakota...