Read this http://www.nzhuntingandshooting.co.n...-inches-17463/
And agree with all of @ebf 's posts, go back and read them again. There are other better options for LR and definitely for target stuff. But don't freak out just yet - you'll be able to do all that stuff with your .270. Agreed about the factory ammo stuff. Recently I have seen a few .270s and 7mm08s getting poor groups with factory, cheap ammo.
You get what you pay for I guess! Keep shooting with your .22 as well and maybe chuck on double ear protection when you take your .270 out (ear plugs AND ear muffs), dry fire it as many times as you like and take a buddy who shoots well to give you some tips. Maybe even get him/her to take a video of your body while you shoot. Can really be an eye opener.
Good luck and have fun - hope the bruising goes down quick
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