Acceptable accuracy is up to the shooter and target.
If you're in competition, you might have to shoot 1/4 MOA. If you're shooting deer, 2 or even 3 MOA is fine.
Shoot at 200, 300 and 400 and see what you get. It's teh only way to know.
Still happily answering to the call-sign Peetza.
The problem, as you so eloquently put it, is choice.
He is no fool who gives what he can not keep to gain what he can not lose.
-Jim Eliott, paraphrasing Philip Henry.