I've definitely seen what you are referring to. And I've seen the opposite as well. The concept of "positive convergence" or something like that supports what you are saying.
Basically a slow bullet exits muzzle at slightly higher angle than faster bullet (exits lower) and at some point their paths cross producing virtually zero vertical spread.
But in general, your shots will be more centered (elevation) more often with better SD. 40 ES isn't actually that bad though (over say 20 shots), and even then, vertical change won't show up until well past 700-800 depending on caliber. This is virtually an indisputable fact of physics if all else is held constant, and if it wasn't the case, the benchrest, FTR and FOpen guys would simply shoot any load regardless of SD/ES.
Years ago, I shot several 1K FTR matches using a factory Weatherby barrel with SDs in the 15-18s range and my 20 shot strings were usually 24" tall and circular . It would shoot .5MOA out to 500-600 and grow from there.
Then I shot a friend's proper FTR rifle in practice and 20 shot strings was <9" tall and 20" wide. Half the vertical and half the SD. I still sucked at wind calls....?
i agree and like you ive put a LOT of rounds down range shooting different disciplines including a few 600 and 1000yd F-class matches and i figure when i cant move around anymore ill go BR or F-class....wont be long LOL!
im not bragging or claiming to be some super shooter or and expert on ballistics because im not....im just a roofer that shoots a lot.
that said when i first started all this about 16yrs ago i went online and started searching for best loading equipment,best components ECT...i got a basic idea of what i thought would work and got started. after getting a decent handle on things i went back on line to see how the pros loaded for accuracy and what they did to get there...big mistake....WAYYY to much conflicting info so again i turned off the computer and shot out 2 300wm barrels and almost 2 260rem barrels testing things.
ive trimmed meplats and tipped bullets..turned necks from clean up to full turn..uniformed primer pockets and flash holes..sorted bullets by weight and barring surface...primers by weight..brass by internal capacity..different neck tensions and probably a few thing ive forgotten and tested all of this one step at a time at 500-1000yds.
ive broke barrels in using the full shoot one clean shoot 5 clean for the first 50ish rounds and ive just shot them.
ive cleaned every time ive shot more then 10 rounds and ive shot 900 rounds without cleaning.
26 barrels and working on 27 and 28 now with 29 and 30 sitting in the safe ready to spin on....out of these barrels ive had 4 bad barrels....3 went south WAY before they should have and one after 600 rounds and cutting 4" off and another 300 rounds would never shoot less than about 3/4"-1"...ive shot shilen,criterion,bartlein,hawkhill,kreiger and brux right now and a muller works in the safe.
i live 10 minutes from where i shoot and would go out 4 times a day some times in the beginning.
now after all of that ive come to the conclusion that reloading is probably the most over thought thing there is is shooting and maybe even the world LOL....i dont do any of the shit above anymore...i might if i was an F-class guy or BR shooter because when all those tolerances are stacked it makes a difference...just not enough(for me)to make it worth the time spent doing it for the types of shooting i do right now.
all this trying to load perfect ammo with SUPER low ESs-SDs is all great and someone may have a 5 or 10 shot string with low ESs...i have...i shot a 6.5x47 for awhile that would do 0 and 1fps ESs with 5 and 10 shots...i think ive posted a few of them here...but when id shoot 40-50 rounds over the MS it NEVER held up and id end up somewhere between 10 and 20fps.
when im doing load development im looking for 3 tight groups with close to the same POI...i dont chase neck tension or powder weight by .1g and when i do chase seating depth its in .010 increments not .005...IMHO if your chasing things that close its not a stable load...i will change primers to see if things tighten up but i only use FED205Ms and CCI450s.
again im no expert...i can barely use my shooter app LOL....i just know what i know from shooting a shit ton of rounds through several different barrels in several different calibers.