Cannot say I agree with the NOx smell off gunpowder, but fortunately I haven't smelled it. I have, however, smelled 8 gunpowders side by side and most of them smell different from one another. They do stink, and I can also say if a gunpowder doesn't smell, it does not mean it is not good.
I load VV N550 that was made in 1995 and it gives some of the best groups out of my 308.
Just traded for Hogdon H870 that was still in the paper pound sacks from the late '60s. I thought, "what the hell - give it a try."
Loaded up 10 rounds of 338LM 250gr Hornady SP bullets with 95 grains of H870. Thought I'd try it as a hunting round. Shot them this weekend at 450 and 500 yards in a 10-15mph x wind.
Didn't check velocity or anything. Found my POA at 450 then moved onto the air tank at 500. 4/5 at that distance. Not even getting on the board at any competitions with that, but it made me happy considering the cost of my loaded round was this:
14¢ : bullet
11¢ : H870 at approx $8/lb
17¢ : Brass, assuming 10 reloads
4¢ : Primer
46¢ : cost of a loaded round.
I think I'll go back to the guy I got it from and get a lot more, this time negotiating a better deal.
To get a better idea, I'll chrono the next batch to see how they perform.