I know a lot of people who use them in AR's for NRA highpower shooting, and swear by them. I once bought a 1000 69 MK's, and exclusevely shot them until they ran out. Didn't really see any advantage. People who use them say they don't have to clean as often, and it eliminates copper fouling.
Shooting Times ran a test years ago where a guy purchased 2 new match barrels in 22-250. Got 1000 each of coated and uncoated bullets and shot them through each barrel without cleaning for the entire 1000. 100 10 shot groups were measured (from a machine rest) for each barrel/batch of bullets. He bore scoped each barrel after he was done.
If I recall:
1) Moly coated bullets had lower velocities.
2) Group sizes didn't vary much between either bullet, even after 1000 uncleaned rounds.
3) Groups did get slightly bigger once the bores got dirty, but not by much.
4) The throat erosion was less for the Moly coated barrel.
5) There was still some copper fouling in the Moly barrel