I had problems with my rear sight too. S&W sent me a new adjustment screw and spring. Maybe the sight blade too, but I can't remember. I get similar accuracy (4-6" @ 25 yards) and have no problem putting shots on paper at 50. It eats all kinds of cheap crappy 22 ammo.
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22lr, 20 gauge, 8mm Mauser, 35 Remington, 30-06, 5.56x45/223, 9mm, 380acp
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