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8X56M doesn't need to be so modest... That's exactly how it is most often done.
Just one small addition: MOA stands for Minute of Angle or Minute of Arc (same thing under these conditions). A degree is divided into 60 minutes, and a minute into 60 seconds. If your group is an inch at 100 yards, the angle between the two farthest shots is a minute, hence MOA, for all practical purposes is 1" groups at 100 yards.
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