Alllllllllllllrighty, then.
Finally got to play at the range, and there's some good news and some not as good news.
I used Federal Power-Shoks - 150gr, nominally 2820fps - mainly because that's what I had with me. I happened to find myself with part of an afternoon free, and went to one of the PA state-maintained public ranges.
After rough-sighting through the barrel (with some help from a gentleman who was shooting from the bench next to me) I took the first shot at 50 yards. High and right, but not by much, so I went straight to the 100 yard target.
Three shots, high and right and spread somewhat horizontally. Dialed in the scope. First shot absolutely dead center. Second shot about 2 inches right and a half inch high. Third shot about 3/4 inch from the first one.
Hmmmmm.
Started doing 4-shot groups and discovered that hits were alternating, right on and wide right. Tried a 6-shot group and wound up with two nice sub-1-inch patterns.
The scope base that held so much promise just ain't gonna work. It's plenty tight, but because it was designed for muzzleloader (no taper in the barrel) it walks back and forth as I shoot. In addition, the front sight is, as I feared, too low. So it's back to the gun shop to get a more appropriate scope base and I'm not sure what I'm going to do about iron sights. The whole idea was to be able to remove the scope (Leupold quick-release rings), shoot with iron sights and be able to re-mount the scope without haveing to re-zero it.
I could not be more pleased with the rifle. Recoil is noticeable but nowhere near what I thought it would be. Trigger pull is a bit stiff. I'm used to 3.5lbs on my 1911, and I may take the rifle to Ohio to have a trigger job done and reduce the pull.
In discussions with the guy next to me the subject of velocity in a shorter barrel came up. I allowed as how I should get hold of a chronograph and see what my real velocity was rather than depend on the numbers on the box. He promptly went to his car and came back with a chronograph! He set it up, and I fired three rounds. 2640, 2640 and 2614. Better than I thought it would be.
So. With the right scope mount, it looks as if I can do sub-1-inch groups at 100 yards. Once I get the scope/sight situation sorted out, I'll get it back to the range and we'll see. The plan is to zero the iron sights at 100 and the scope at 200.
I'm extremely pleased with the rifle. And now that I have a spare muzzleloader peep sight, I guess I'll just have to get a muzzleloader barrel!