223 will work fine on a deer. I've dropped hells of the bastards with a 22 mag. Shot placement is the key....if you know that your rifle shoots straight, always put it in the head. that pretty much guarantees that you won't have to track him at all! If you feel more comfartble aiming into the mass of the body, do yourself (and the deer) a favor and go buy a gun that was made for medium to large game, like a 270, 30-06, 308....etc. I recently bought a 338 ultra mag. You can hit a deer in the foot and kill it with that thing. Pure energy is what's going to kill with shots that aren't placed well. Even so, if you trust your gun and yourself, the AR will work fine. Also, use a fairly heavy bullet with soft point or ballistic tip. Hollow points are great for close range, but lose alot of velocity when they expand. Good luck!!