After a couple of range sessions, I'm happy to report that I'm satisfied with the accuracy of this less-than-beautiful Romanian trainer.
5 shot groups at 50 yds are averaging just under an inch with cheap/bulk Federal Ammo.
As an aside, sighting the gun in indoors, if I set it to hit 2" low with CB caps @ 15 yds, it gives a pretty much dead-on zero at 50 with std velocity ammo.
Well worth the $100 I paid for it. Got an extra mag, sling and replacement rear sight on the way (It bugs me to have a gun that's missing parts).
Skillet