Good advice.
One thing to add though. If I were to look at bedding a rifle, I'd personally sand down the pressure point. How many custom 700 builders implement pressure points on their builds? I can't think of one, all of the one's I've seen are bedded and free floated.
That being said, some rifles shoot well with pressure points on the barrel. Personally I hold them suspect due to the shooter being able to impart more pressure at one time than another (changing positions etc...). The barrel vibrates/whips just like a tuning fork, any change in pressure on a barrel will more than likely change POI a bit.
That can also happen when a hot barrel is touching a stock, although laminated stocks are a bit more resistant to elements than traditional wooden stocks are.
Bed it and float it, my .02