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I try to stay away from these 3,000 mile diagnosis situations, but I think I have a fair idea what may be wrong with this 700.
As a used rifle the gun might have been rebarreled. I suspect that the action treads do not match the barrel threads. If the barrel thread is undersized, the barrel would be locked tight at the shoulder and remain loose at the butt of the barrel shank. Cold, the muzzle would move and spray bullets. As the shank heats from the inside out, it would fill the thread gap equally, might shoot MOA, but would shoot to the same point every time when hot.
You should have the tread diameters checked on the barrel and action.
Ed
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