Seamusmcoi,
A 'wise man' once told me not to worry about where around the 8/3 marker you are, as long as you know your zeroes and your respective come-ups. If it matters to you, then all the more reason to get a 300M/Y zero (so the 8/3 will actually be an accurate reading).
Having the rear sight base bottomed out BELOW 8/3 is actually PERFECT for 300 yard zero, as you can notch it down a click or two and have it zeroed at 100 (bottomed out)or 200. Effectively, 8/3 -2, that is two clicks below 8/3 [zeroed at 300M], will zero you in for 200 yards, and 8/3 -3, three clicks below 8/3, will be zero at 100 yards. In other words, get it to where the 8/3 is 3 clicks up and zeroed in at 300, and you will have a COMPLETE set of zeroes and come-ups for 100+ yards, out to the effective range of the rifle.
As far as the aperture goes, ONLY ONLY ONLY use the small aperture. The large one is useless, and is reserved for battle or other CQB situations. Using the 50 yard method I provided, you will get substantially good zeroes at 300 yards. Email me if you need specific help with adjusting the rear sight turret to whatever position you wish on the range marker.
[img]www.auburn.edu/~littlcb/new jew.jpg[/img]