I would go for a stock first. I have one in 308 and I knew the stock was a limitation factor, but it was a min project gun in that stock would get upgraded (price low, you don't get it all and if I can't have it all the stock is easy to change)
I like the Laminated ones so I went that route with the Pillar screw setup, synthetic are a step better with a metal bedding base (correct me if I am wrong in that terminology)
I will take the less effective (possibly) Laminated over the synthetic as I like the looks (the 111 project gun looks great with a stainless barrel and the blued action and the very nice Laminated stock that came with it)
Scope, I have found I like the Target dots, Leupold is on sale from Natchez for a 6.5 to 20 with that, $950. The 20 should be good to at least 300 yds, maybe e 600 (other weight in, I am working to getting to 300 yd range and then occasionally a 1000 so I have one scope that goes to 32 power with a dot in it)
Rings and base: I like Warne, all steel, reasonable cost, for a 223 I would be fine with the two base systems. Large calibers the rail type probably adds some rigidity to the action, it would be nice if Savage closed up the openings a lot more on the varmint guns.
Bipod: I shoot off the bags so no opinion on that.
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