Sounds similar to my thoughts on the 74 I got from CAI. Front sight was useable on mine but I have glass on it so non issue anyway. Mine keyholes the Wolf 70 grain but I wasn't really wanting to use it anyway. Shoots several brands of 60FMJ adequately and does well wtih Siver Bear 55HP(saving that for the AR 5.45 though).
This rifle will have a collapsible AR type stock on it in the near future so it actually fits a normal human.