It should be about 4½-5" low at 150yds, but the only way to know for sure is shoot it at that range.

Welcome aboard too!!
Tim
Trajectory for Hornady .458 dia. 300 gr. HP at 1550 Feet per SecondAt an Elevation Angle of: 0 degrees
Ballistic Coefficients of: 0.197 0.197 0.197 0.197 0.197
Velocity Boundaries (Feet per Second) of: 1550 1550 1550 1550
Wind Direction is: 0.0 o'clock and a Wind Velocity of: 0.0 Miles per hour
Wind Components are (Miles per Hour): DownRange: 0.0 Cross Range: 0.0 Vertical: 0.0
Altitude: 0 Feet with a Standard Atmospheric Model.
Temperature: 59 F
Data Printed in English Units
Range Velocity Energy Momentum Drop Bullet Path Wind Drift Time of Flight
(Yards) (Ft/Sec) (Ft/Lbs) (Lb-Sec) (inches) (inches) (inches) (Seconds)
0 1550.0 1600.1 2.06 0.0 -1.5 0.0 0.000000000
25 1472.0 1443.2 1.96 -0.47 0.87 0.0 0.049658273
50 1398.6 1302.8 1.86 -1.94 2.24 0.0 0.101937013
75 1330.1 1178.3 1.77 -4.52 2.5 0.0 0.156937147
100 1267.0 1069.2 1.69 -8.33 1.53 0.0 0.214726420
125 1209.9 975.0 1.61 -13.49 -0.79 0.0 0.275322528
150 1159.1 894.9 1.54 -20.14 -4.6 0.0 0.338679609
175 1114.8 827.7 1.48 -28.41 -10.03 0.0 0.404687005
200 1076.6 771.9 1.43 -38.42 -17.2 0.0 0.473180543