Ok.

I had this exact problem on both my Savage rifles.

The first was a Predator Hunter Max 1 in .223 and the second was a Model 16 (Used) 22-250.

Very frustrating and it has prevented me from buying another Savage so far but... I am looking again if I can find the right price for a donor action.

I decided to try an after market bottom metal and AICS mag... it fixed the issue as it seems the problem lies with the magazine lips feeding too high or something.. There has been fixes in the past that included Opening up the "Lip" of the mag to allow a better feed... this sorta worked but not reliable enough for me.

I went with the Atlas Worx as it was available here in NZ for a decent price and enjoyed the larger mag capacity too.

For the record.. mine really hated hollow points and basically would not feed them.