Thanks for that, Sergeant O'Neill. Today I threw another 2500 rounds downrange and these were my findings.
http://i.imgur.com/dOXVoM2.jpgI drive out to a building Northeast of the Patrol Ops base and shoot until I find what range the various bullets are impacting relative to the echelons on the M150 RCO. All shots are taken from a prone position, taking a breath with left shift, exhaling, then firing. All ranges were confirmed with a rangefinder then checked extensively for consistency.
It seems the Mk318 is good until 500 meters, then begins hitting higher and higher probably due to a flatter trajectory. The Mk262 matches the echelons perfectly out to 600 meters, then shows a slight variance in relation to the 700m and 800m echelons, landing at 750m and 900m respectively. Lastly, the BI 5.56mm Mag proved to be less accurate than initially perceived, landing 50-60m short of every echelon, and 25m short of the 800m mark. If I was forced to choose between the BI Mag and the Mk318, the Mk318 would be the clear victor based on its accuracy when engaging point targets within 500 meters.
On a side note, the last four rounds in the Mk318 and Mk262 magazines are tracer rounds, informing you when you're about to run out.
On the 5.56x45mm Wikipedia, it's stated in regard to the Mk262 that, "Apparently it is superior to the standard M855 round when fired from an M4 or M16 rifle, increasing accuracy from 3–5 minutes of angle to 2 minute of angle. It appears that this round can drastically improve the performance of any AR-15 platform weapon chambered to 5.56 mm. Superior accuracy, wounding capacity, stopping power and range have made this the preferred round of many special forces operators, and highly desirable as a replacement for the older, Belgian-designed 5.56×45mm M855 NATO round.
In one engagement, a two-man special forces team reported 75 kills with 77 rounds. The Mk 262 has a higher ballistic coefficient than the M855 of 0.181, meaning it loses less velocity at long-range."
Almost 10,000 rounds later, and I'm still not satisfied. I plan to do more testing when I have time.
Until then.