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Why is 55gr 5.56 still so prolific?
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It is the original loading, is cheaper than other loads, and works well enough for what the majority of the .223 buying public use it for.
And, while I'm not certain, I think they make more of it, by volume, and anything else.
Its what I shoot out of my Mini 14 and what I used in my ARs when I had them. If I want better accuracy or better long range performance, I go to a different rifle and a different cartridge.