I shot a match over the weekend. Started off like a ball of fire, then had some trouble. I wasn't adjusting enough. I remembered the .5 and got back on track for a few..We took a brake for lunch and when we got back to it, I was laying 6's again..Now my .5 was to much..The winds were switchy and not much 4-5 but the directional swings (even though it didn't change from the prop) was hard for me tro realize.It depends on the terrain. If it's flat open terrain, then yes the same basic idea holds true.
In 22PRS you can easily have 3 targets in one stage (say 40m, 120m and 180m) and they all have completely different wind holds.
Where as centrefire I've always found the wind to be more or less the same as your typical stage (targets at 400m, 550m, 700m) have far less localized variation in terrain, unless you have targets spanning a very wide area.
22lr is extremely susceptible to wind funneling and terrain effects, whether you are shooting on a square range with buildings nearby or in/around hills and valleys, I find you need to be looking for the local winds and how they'll effect a bullet.
Close range targets in valleys are especially susceptible to swirling wind that is often impossible to predict ahead of time.
Shot a match just the other day and the .5mil just wouldn't have worked, ignoring gusts and changing direction the terrain meant each target was very different in terms of shelter and the contours around the targets.
I still think the .5 is a good general rule, even for 22. I couldnt help but wonder on the way home had I been better off to just throw a shot to the bottom of the T Post where I could see it had I been better off..
I was able to hang on to 3rd because I started off so good but I thought I had fell out for sure.