Here's another Inland, fairly early in the 5M range with the same Type 3 rear sight. This one hit pretty much right on for elevation at 25 yards with the aperture set in the lowest position. Your sight must be set at 200-250? If it hits point of aim at close range with that setting, it likely means that the front sight is likely not the original - or maybe it originally had a Type 1 leaf rear sight and never got targeted after being changed. Move your windage adjustment all the way to one side to see if the original stake marks for the sight look close to what my picture shows. This one of mine had some other incorrect parts, but no rebuild marks on the stock. The barrel was an Inland dated 8-44. You've got a nice carbine there! - Bob