As others have mentioned they have pros and cons, if the barrel is floated and the stock is good and stable it will minimalise variations but rifles recoil differently depending on how much grip/pressure they have meaning a bipod can be a liability on different surfaces, rock, grass etc as it will generally be loaded differently dependant on available grip (can be negated with technique, different feet etc). The sling method you mentioned negates the variations the bipod can expose you to. At the end of the day both require an appreciation of technique to minimalise variables in shooting. I find rifles with less recoil less effected, last time I had my 7mm mag out I was shooting 1000m from my day pack
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