Actually 1:7 isn't "ideal" for anything you will be shooting through a typical AR15.
Nothing that you can load to magazine length needs faster than a 1:8. The M855 that the OP mentions is best in a 1:9.
Typical lead core 55gr is best shot in a 1:12. There are some extreme examples of thin jacketed lightweight bullets that can self destruct in flight due to excessive rotational speed from 1:7 twist - it's happened to me.
The faster you go, the more eccentricities in the projectiles as well as gyroscopic effects become pronounced.
That said, it's a statistical measure and many/most will never be at the level of performance or ranges where those effects become noticeable in individual examples.
With large numbers of examples however, the differences can be detected. Take for example the original M16A2 design process where M193 failed accuracy specifications with 1:7 twist. Or much later when Colt swapped out a few thousand 1:7 barreled rifles for 1:9 for a large metro police department that couldn't get consistent accuracy with their 55gr duty load.
For general use, range plinking etc it will be fine. For any serious use you need to be using something better anyway, and you can test it beforehand in your particular barrel and see how it does.