Even "less drift" at range isn't as clear cut at improving hit probability as we might think. This is a whole different kettle of fish - but it is sort of related. I'll start a thread on hit probability one day. May as well kill all the sacred cows.
For now here's a glimpse - a very small 6mm cartridge with a 108gr at 2700fps has the same hit probability at 500m on a 200mm dia circle as a 6.5PRC or a 7mm Rem Mag, with the median wind estimation error being 0.5ms and all other variables being "ideal". And has enough velocity for the bullet to fragment.
Of course increased recoil and cost tends to move the variables further away from "ideal" for larger cartridges more than smaller.
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