It depends on what kind of bullets you have .... 55 gr FMJ in general does not give you the optimum accuracy out of a 1x8 barrel. If this is what you will be shooting mostly I'd recommend getting a 1x9 barrel.
However, 1x8 twist barrel will handle lighter bullets such as the 52 grain Sierra Match King. I think it has something to do with the curvature design of the bullet. Many high power shooters use 52 gr SMK for 200 yard match with excellent results out of their DCM barrel (usually 1x8 twist) in no wind condition. Due to its light weight (hence more sensitive to wind), most high power shooters tend to leave the 52 gr for practice only at 100 yrd or less.
For actual full course match (200, 300 and 600 yards) many HP shooters like to use the 69 gr, 77 gr and 80 gr Sierra Match king. The 80 gr is extremely long and will not fit in your magazine. This is used mostly for shooting 600 yd slow fire prone match. The accuracy of the 80 gr SMK loaded using an OAL measured specific to a particular barrel is extremely good. I loaded mine by first measuring the OAL that would allow the bullet to "touch" the rifling, then back it out by 0.010", therefore, the bullet will have roughly 0.010" of free space to "jump" before the rifling bites. The smaller the "jump", the smaller the variability and the higher the accuracy. However, you dont want to seat your bullet too long where it touches the rifling. This may increase your chamber pressure which may lead to other safety issues. 0.010" is usually what most high power shooters use as the acceptable "jump" for the 80 gr bullet.
For "cheap" and "accurate" surplus ammo, I'd recommend the Spanish SS109 from Santa Barbara. I have personally shot numerous 200 yd high power matches using this ammo (before I started loading my own). How accurate is it? Well dont expect to shoot MOA group with this as it is NOT a match quality ammo. But I have managed to shoot 93-95% scores in high power matches with this ammo. The downside of this ammo is brittle casing. Some casing is so brittle that the rim may get ripped by the extractor leaving you with a stucked brass in your chamber. This happens to me about 3-4 cases out of 1000 rounds or so. So bring a dowel or cleaning rod to the range with you.
HTH
OZ