For the average bush hunting to semi-open type hunting, the way you are doing it works. It's accounted for more animals than any other method short of helicopter assisted... The biggest limitation to the method is the average human is crap at range estimation, actually really poor to be fair. It's not hard to be +/- 50 or 100m at range estimation, and when you are at the extremes of the trajectory for your caliber it can end up with the pill passing clean underneath. It's only when you get to ranges outside of the limitations of ballistic drop that require you to adjust your point of aim do you need to go down the track of dialling and adjusting your sighting - this can be at various ranges for different calibers though.
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