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I'm not sure of the velocity, but I've heard from reliable sources that this round will fragment out to about 200 yds
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Not from a 16" barrel. It will barely be over 100. It MIGHT make 150 but no further.
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55gr M193 fragments out to 100y from a 16" barrel, no problem. 150y if you count breaking in half as fragmenting. 68gr should be a bit further than that if loaded to the same pressure spec.
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The problem is the factory loading is not to milspec pressures. I would assume the range is probably the same as M193 then. However, would the round fragment more violently than M193 at the same distances with the factory loading?
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Hard to say. Despite the lower pressure loading of the 68gr, giving it the same (approximately) fragmentation distance as 55gr mil-spec, there are still benefits:
1. It's still match ammunition, and will be more accurate than mil-spec 55gr.
2. It begins it's yaw and fragmentation cycle much earlier @ about 1-2" instead of 3-4".
3. There is just more material there TO fragment, so even if they both fragment 50% (largest fragment recovered is 50% of the bullet's weight) the 68gr is going to have a larger overall mass of fragments. So I guess the question to your answer is PROBABLY yes.
The only drawbacks are:
1. More expensive.
2. Slightly more arched bullet path, which is so insigificant it's hardly worth mentioning, but I do for completeness.