Yes this would work, only concern is losing a bit of neck tension. I have a tin of Belmont 77hpbt I want to fine tune at some point, shoots great out of Tikka but reckon can get it just wee bit better by adjusting length slightly, ideally it will be slightly shorter. Just never got around to it as don't shoot much 223 these days.
You should be able to fine tune any factory load to your rifle like this in theory, just comes down to time and effort. I have a small RCBS partner press that I can take to range and just clamp to a bench.
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