For a .2 mrad at 1K, the ES would have to be 40fps or greater.
Comparing your original post, let's say you take a 1moa accuracy gun to a match, the MD goes all out and sets a kyl rack at 1K, a 2moa plate, 1.5moa, 1moa, and a half moa plate, there is a slightly tricky wind, if your gun is a 1 moa gun, you better quit after the first plate, because now the 1.5 moa plate is not a given.
I'll take the accuracy load hands down any day, especially if I can somewhat control my horizontal shifts, 2 mrad at 1k is 7.2", where as 1moa gun, it's a crap shoot which direction your 1moa is going to go.
Well that quarter minute gun with an SD of 20, is no longer a quarter minute gun at a grand, more along the lines of 3/4 MOA. You said it yourself, vertical dispersion is vertical dispersion, and youre not going to be able to account for difference in MV just like shooting a 1 MOA gun; maybe if youre always using a chronograph, but that will give you the reason after the fact for the high or low impact.
I like using the WEZ tool as an example, I know its not the end all, be all; but its a more accurate
baseline than some guys experience or opinion.
Lets put it in realistic terms; a 1/4 MOA gun with an SD of 20 meaning 68% of the MVs are within +/-20fps, and 95% are within +/-40fps, then 99.7% are within +/-60 fps, is going to have an uncertain vertical dispersion of +/-7.5", 66% chance hitting a 10" gong at a 1000 yards, but with 1/2 MOA gun with and SD of 10, meaning 68% of the MVs are within +/-10 fps, 95% within +/-20 fps, then 99.7 within +/-30 fps, is going to have an vertical dispersion of +/-3.7", 84% chance hitting a 10" gong at a 1000 yards.
This is realistic, no one should accept a 1 MOA gun especially if theyre handloading, but choosing between 1/4 MOA and 1/2 MOA, not a huge difference between the two, but examining the SDs and ESs for each load should determine which load you go with.
By all means keep loading for the tighter group with high SDs, youre not hurting my feelings.