Re: How good is a R700 Police
I'm in the same boat. I'm shooting my LTR (again the 700P with a 20" fluted rather than a 26" barrel) and using Hornady TAP 168 A-MAX (I'm not sure how the TAP and Match bullets differ from one another, if at all) and getting under .5 MOA at 200 yards (4 shots @ .933" - one group the other day would have been even better but for a pull of the trigger rather than a squeeze) and I've done nothing but make a stock change (there wasn't any issue with the standard stock that came with it, a fine HS Precision, but I much prefer thumbhole stocks; that said, I bought the exact same line of HS Precision as the standard stock, only with a thumbhole design and adjustable LOP and cheekpiece).
It is a fine rifle. People talk about tolerances this and custom that, but the results I have seen from my off the shelf rifle are very impressive.