Re: Dont read if beginner questions annoy you...
Headspace is in relation to how the cartridge locks up into the chamber. To tight and the bolt won't close or will be so tight to cause you issues. The bigger problem will be too loose of a headspace. The cartridge chambers but is so loose in the chamber that this can lead to dangerous conditions, poor accuracy, shorten brass life, and many others.
Choosing a barrel contour is pretty much up to you. You don't really want a large barrel that if you're going to be packing the rifle around the mountain while hunting, unless you like packing heavy rifles. You're not going to want to use a hunter weight pencil barrel for tactical or F-Class where multiple shots will be needed and where heat builds up can be an issue.
It's a matter of choosing the contour that will benefit the type of shooting you will be doing, how many rounds you fire between strings, and so on