Funny you mention it. I actually have one of these also, an H&R ultra varminter in .223. And you are right, they will shoot about 1 MOA. The triggers are crude (actually has a falling hammer....) and the break action is a pain to operate while in the prone. I initially purchased it in hopes of using it as a cheap practice rifle... but the operation of it was not condusive to training, you need practice operating the bolt.. and that trigger.... so now it sits, waiting for one of my children to get old enough to use it.
It would make a good, cheap varmint rifle.
MEL