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700rds per minute is 11.6 shots a second (if my math is right) , you are doing that semi on a A zone? average Pro shooter 5 shots a second maybe 6 max.
TRC 2gun match View Quote
I have to agree here - a good quality hammer is 0.2 seconds or less (5 rounds/second), and even Jerry Miculek (one of the fastest in the world) shoots 0.12 or 0.13 splits (8 rounds/second), and that's if he's pulling as fast as he can.
Before you start competing, I would personally recommend some good quality training in a top notch week-long carbine course like the Gunsite 223 course (or similar national level school). No matter what your level of experience they will push you to your limit with drills at every distance, as well as indoor and outdoor live fire simulators. Also the instructors and other students will push you to shoot faster and more accurately all around, and you'll learn that you probably "still have quite a bit to learn". Honestly I thought I was a good shot and knew quite a bit until I attended Gunsite and realized I have a whole bunch of stuff that I need to learn and master, and also that I have a whole bunch of bad habits I need to "unlearn". It was great, but also humbling to meet individual instructors who had shot over a million rounds each.
Alternately competing in a larger 2-gun or 3-gun match will give you a good indication of where you stand. I've done some of this as well and learned a bit each time. My only complaint is that unlike a structured course, you don't get a lot of direct feedback as to what you may be doing right/wrong. So if you start shooting competitively but find you are not at the top of the heap, it can take much longer to get things right. That's why I'm a fan of an immersive course, followed by several months of focused practice to reinforce the lessons learned, accented by competition.