I found a used (but like new) Howa 1500 in .338 WM about three years ago. Mine came with the standard Tupperware stock. I restocked with a Boyds laminated JRS. The stock required only very minor inletting. I exchanged the Boyd's butt pad for an aftermarket "Sorbothane" job. Glassware: Used Leupold M8 4X.
I first glass bedded in the recommended way (back action screw area, front action screw area through the chamber area). My goal was to load the .338 to .338-06 levels, so I tried most of my accuracy work with "down loads". Range results, however, were disappointing. No matter what I loaded, I couldn't seem to do better than 2.5" or sometimes even worse. I began loading up to more standard pressure levels. Next, I did some experimenting with shims (card stock, credit cards etc.) Results really didn't vary much. Finally, I tried full length bedding the stock. Groups shrank some, but not as much as I though they should.
Then, I read an article that mentioned improvements when loads approached max levels. So, I went back to the bench and started by adding one grain (that's right, 1 grain) of powder. The load put me within one grain of max. Off to the range to pop off three rounds. To my amazement, they fell into almost 3/4"! I ran back home to load another three. During the lunch hour, I returned to the range to see if the group was repeatable. The next three fell into just under an inch!
My formula for success was full length bedding and near max loads. This rifle seems to be consistant and repeatable. I filled a doe tag with the rifle (90 yard/45 degree down angle shot) this week. (Load: 250 gr. Hornady SP, 70.5 H4831)