I got beat up by a half-dozen dudes about a year ago on here for suggesting that 3-shot groups weren't statistically reliable.
Then Hornady came out with their podcast a few months later and all hell broke loose.
I was a fan of the old 'Sniper's Hide 5x5' target when it came out.
My particular 3-shot group experience found me many years ago throwing a fluke .289" group. I was so excited I went home and loaded 100 more of that recipe...only to discover that it was a consistent 1 MOA load every time I went to the range. That was my lesson against 3 shot load development.
Now my shop is 30' from my house, and it has my reloading bench and shooting bench in it. I'm very blessed to be able to load and test stuff on a whim, which is a weekly thing as when you live as far from civilization as I do you don't have that social network to keep yourself otherwise engaged.
These days I do shoot 3 for seating depth testing, then groups of 5 for charge weight testing, then a confirmation group of 5...and finally another 5 at distance of 250+ just to make sure it holds together. It's basically a 3x5 aggregate...maybe not enough to keep the Hornady guys happy, but I find it repeatable.
Here's my last workup for my second 6.5x47. I'm highlighting this because it is very seating depth sensitive:
I already knew that 2.620/2.100 was a good length, because that's what the factory 120gr Scenar-L load was. It shot in the .5s during break-in, so I just bracketed it by .005, and then went another .010 and .020 out (please excuse the 2.005 typo...it's supposed to be 2.105).
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^ Surprisingly, it has a two group window like old Senior Cortina mentioned. These were only 3 shot groups...except for the 2.615/2.105 - it sucked enough I stopped at two and kept the round for the CBS the next time out.
I then loaded to the longer depth and shot 5-shot charge weights. The best I did that day in a full value wind was this:
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Then I fine-tuned charge weights and found that 35.9 - 36.1 all shot equally small on another day (no photo).
Finally, I screwed with very small seating depths at those charge weights with five shot groups again:
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^ You can see that when I came out of the optimal depth by just a couple thousandths that my groups damn near doubled. I actually only shot 4 shots on the far right...it was sucking again, so I kept that round for a CBS prior to other load development.
Then I shot that load at 400 yards on a good (little wind) day. 5 shots including a cold bore. I dropped one a bit low right, but it was still a 2" group on the nose.
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At this point I'm confident in the load. It took me probably 85 rounds to get here including all of my confirmation stuff, but I don't have much hesitation in saying that my 120gr Scenar-L & N150 load - while a bit seating depth sensitive - is still capable of a little better than 1/2 MOA pretty consistently for five shot groups.
Once the load opens up, I'll seat out another .006 and retest.
YMMV
Sorry for the long post.