Reed 257,
I purchased a Ruger #1 in 7mm STW in 2001, The silly thing was shooting six in groups at 100 yd with my first loads. After checking every gun magazine I had collected over the last fifteen years, and rechecking what Carmichael had to say in the Book of the Rifle, I determined that #1's are very sensitive to barrel bedding. My thoughts at the time were NO DUH !! I had not at that time discovered the wealth of experience available from, or the helpful nature of most visitors to these forums.
I decided; since my #1 has a fairly heavy barrel, free floating it couldn't hurt, it certainly wasn't going to shoot any worse.
I dragged out the Dremel tool which I had purchased for my wifes crafty type hobbies a couple of Christmases earlier and went to town on the forend.
I ended up removing about 1/8 inch of wood from the bottom of the barrel channel, before she truly floated. I then had to sand off the top surfaces of the forend sides because they extended above the midpoint of the barrel circumference. This meant that I had to refinish the entire forend. After I had spent a week hand rubbing and polishing the truoil into the forend and the finish had cured, the forend didn't match the buttstock any more. So I spent another week stripping and refinishing the buttstock.
When the finish was cured and the Pachmeyer Decelerator pad properly installed I took the rifle back to the bench, point of impact had dropped by more than six inches.
With a little bit of load tuning I soon had the rifle shooting less than moa, and am very happy now. I was almost ready, at one time to give the rifle up as a lost cause.
If you add up the hours that I spent rubbing in and polishing the stock finish, along with the time spent sanding the barrel channel and replacing the recoil pad; the purchase of that #1 is probably the cheapest dollar per hour entertainment I ever bought.