Having used the No 4 Mk I and No 4 Mk II in competition (US NRA style) I can tell you that a properly central bedded No 4 is a much better competition rifle then a conventional bedded No 4, due to the fact that the central bedded rifle has much less group shift due to sling pressure. This is true if you use the conventional US single point sling or the
British
2-point sling locations. Further once correctly bedded and grouping well, the rifle holds its zero far better over temperature and humidity then a conventionally bedded rifle. I have seen subtle shifts in point of aim between a match tuned front bearing No 4 MK I in winter and summer that one does not see with a centrally bedded No 4.
Be aware I have never fired one of these rifles over 300 yards, so how well the bearing hold up at 600 yards is something I might be wrong about, but the source of my information told me if you get a good grouping at 200 yards with a central bedded rifle it will group equally well at 600, assuming ammunition with normal velocity variations.