I have the standard version(blued/walnut). It shoots very well. I've laso owned a couple of the laminated versions, as well as a few others identical to my current one. I've also loaded for, and still load for a few others in both versions.
With these particular models, one thing has proven consistent. The usually do better with heavier bullets. Most of the ones I've loaded for prefer 50g bullets. The Sierra 50g SMP has proven to be an awsome performer both in accuracy, and terminal results. Some of them have even shined their best with bullets as heavy as 55g. The Sierra 55g GK HP has turned in quite a few sub MOA groups in these guns for me too.
If you own a Ruger Hornet, and are having trouble with the light bullets, try the heavy weights before you give up on it.