I've gotten 2" groups at 100 out of my 187-series before, and I can consistently group under 3.5" with it. I'm pretty certain that the limiting factor in my case is the shooter, not the gun. IMO better sights would help tighten that up even more. I wish somebody made Garand style sights for the Ranch Rifle. The Tech Sight options look kinda clunky.
Even with the stock sights, it's good enough for what it is. It's fun (and cheap!) to shoot, practical at it's intended range, and has a certain nostalgia to the design. Not to mention it's a looker...
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The "cheap" argument went away when you could build 2 AR15s for the cost of the most basic model of mini-14.
It now exists solely as some weird rifle without a purpose. It's more expensive, heavier, less accurate, less reliable, less modular, and less standardized than an AR15.