I have seen similar before. I'd try a step or two shorter and maybe a step or two longer to see if you have hit on two nodes or just have a 'lucky' group in there. Also look at the group shapes. Fliers, elongated vertically or horizontally? Any pattern to the shapes? Are velocities consistent or do you have a wide ES/SD?
Have you already done a ladder with the powder charge? I usually do that first to find a 'flat spot' in the curve, then I will do a seat depth ladder. I will also repeat a ladder if I feel it isn't 'right' or go up/down in seat depth/powder charge. If nothing else it will confirm the first results. :)
If that was at 100yd I would not be happy. If everything else is done right I'd consider a different bullet. My .223 really likes heavier bullets.
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