if you put everything in correctly and your scope tracks it should be really close
just off the top of my head i know im using the magneto velocity for my 6.5 creed, 6 comp, 308, and 28 nosler loads...they all lined up to around 700 yds...had to tweak BC slightly on a couple of them out to 1100
btw what you described is basically what everyone does when they verify/true up their dope