Competitive in PRS, yes.
In BR... I suppose I could grab an action and install a prefit then go shoot BR but I will be at a serious disadvantage to chambers done by some of the top rifle smiths in currently America.
I had 4 full blown BR rigs built by Clay Spencer back in the day. They were all very, very accurate rifles. None were the most accurate guns/barrels I've ever owned though. The two most accurate I've had were AI rifles with AI factory barrels that are mass produced (prefits). One was a factory AINA Bartlein and the second was a AIUK Lothar (or maybe border but most likely Lothar). The third most accurate barrel I've had was on an older late 90's early 2000's 700P, the fourth was a APA build back when it was just Jared and was Patriot Arms and it was a custom 700 with a Rock Creek. The fifth most accurate was the 6PPC built by Clay.
So of the top 5 most accurate bolt guns I've ever owned, only one and number 5 was a BR build, and only two were custom builds, and the top 3 were all factory prefits. Go figure.