New to me mod 16

Hey guys. New member here. I just bought a 3 year old mod 16 in .243 with the hopes of having a nice coyote gun. It has the stainless barrel but the stock has been painted. I put a bipod and a 3-9x40 Nikon on it. Got it bore sighted tonight but won't get to site it in til Monday. I bought a box of Winchester varmint x in 58 grain bullets. Is this a good set up for yotes, or is there anything that I could change that won't break the bank? I'm just getting started hunting coyotes.

You should be good to go with that setup!

Sounds like a pretty good setup to me!