I shot mine out to 665 with the 40 grain vmax. I think the 32 would be way way to light to go out to 700 yards. But I suppose I haven't tried it. The 40 did quite well at 665 but didn't have enough energy to knock down a bowling pin.
Never actually group it. Just shot at various steal targets. There was no wind. I was shooting at 8 inch steel target and getting hits 80 percent of the time. If there were wind, it would have been a much different story I bet.