This is a real phenomenon, bullets in trans-sonic mode will open groups around that velocity. I too first saw it shooting SB silhouette 20 years ago, when I used high velocity ammo my groups at 75 yards were larger than those at 100 yards. Switched to standard velocity ammo and group size was proprotional to the range. Looking at ballistic charts and chronographing my ammo showed that the high vel stuff was trans-sonic (ca. 1125 fps) at about 75 yards.
A few months ago I was developing a new Hunter's Pistol load at 50 yards, keeping the velocity/recoil low. Groups at 50 yards were just under 1 moa, but when I tried them at 100 yards the groups were close to 4 moa with off-center bullet points. Adding another grain of powder shrunk the 100 yard groups nicely. Again, velocity at 100 yards was around 1150 fps with the original load. This was not a case of bullet instability, the twist was 10" and the bullet a 110-grain in a .30 Carbine barrel.
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