You didn't mentioned what the book velocity shows; I've loaded for several rifles in .223 caliber and each had variables, such as chamber dimensions, and with magazine fed versions, the OAL still had to feed through. With a single shot, OAL isn't as big a factor; the distance from the lands usually dictates potential accuracy; which the OAL allows you to keep consistant, when you have found the desirable distance. My experience has shown that pushing a 55 grain bullet to about 3100-3200 usually resulted in the most consistant and reliable load. I prefer Hornady SXP and they don't like much above 3300. But very little chance of ricochet; Nosler BT is perhaps a bit more accurate, but I've had a lot more bounce off a rock and take off, rather then stop right there. I've had good luck with Varget, W748 & 4064, but they might be a bit slow for the 40 grainers. The barrel twist is another thing, if yours is 1 in 9, the stubby bullets might not be the best choice. GoodLuck