Here's the actual data from a Valmet M76.
The receiver cover is tight for windage courtesy of a reinforcing "lip" I guess you could call it, which wraps around the outside bottom rear. It appears to have been made tight enough that it just wears in or has a small amount of interference fit.
Elevation is rigid, too, being held by the spring pressure of the op-rod latch engaging the angled rear inside surface of the cover.
The front end of the receiver cover is tight to the trunnion, with a stamped raised area maybe 1.5 mm wide, a ridge, that makes for another area of interference fit.
The weak spot in the system, IMO and IME, is the elevation "ladder" itself--it can wobble sideways on its hinge as the indexing knob it is adjusted along its length (it doesn't stand up like a ladder, think of it as being flat instead of "up"). I'd like to see a truncated V-shaped bottom face on that, so the assembly self-centers in between the "rails".
First ten shots with that used rifle, it had an old Aimpoint (3 MOA dot) on a Weaver mount block silver-soldered to the cover, 10 shots of LC M193 Ball (there was no other USGI load then) at 100 yards went into two inches. Iron sight groups are usually about the same.