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Thanks Ovidio,
That explains a lot! I was aiming by lining up the front and rear sights on all three of my Carcanos, which explains the high shots. I figured it had something to do with the short...

Mac1911, if it's any consolation, my M38 Carcano shoots about 6-8" high at 50 yds as well. I believe it has something to do with the sights being zeroed to 200 meters, but I'm sure someone else knows...