Greetings @shift14,
Lee Enfield rifles are notorious for shooting different loads to vastly different poi. If the rifle is a No1 rather than an earlier Long Tom it would have been regulated for 174 grain spitzer flat base projectiles at 2,440 fps at 300 yards. You are a lot higher than this but the rifle seems to shoot reasonably well. If you handload reduced loads with heavy projectiles may bring the poi down but the rifle will probably need to be sighted in for a specific load. A picture of the rifle and some details of the ammo would help.
Regards Grandpamac.
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