I have an LR 308 B, 18" bull barrel. It is and has been totally reliable, extremely accurate and very comfortable to shoot. I get consistent sub MOA groups with good ammo (my reloads or Federal power shok 150 gr.)
It will shoot any commercial 308 ammo that will fit in the magazine (2.8" or less) & most milsurp except some vile foreign stuff that has coated brass.
The only thing I strongly suggest improving is the trigger group. The stock trigger is horrrrribbbble. (yeah, its that bad). Good reloads using match bullet will yield consistent .68" groups, commercial usually is much worse, except the fed power shok, $14.95 @ Wal-Mart per box of 20
Here's a 10 round 100yd group fired today with the Fed Power Shok 150 gr ammo: