Kenbro: Well, in regard to Ruger No.1's, especially the varmint model (but any of them really), they have a reputation of being "so-so" in the accuracy department. It's really unfair though, as there are a number of simple improvements a shooter can do to really make these rifles shoot quite well.
Mine was purchased from a neighbor who said "it won't shoot". He had our local smith tweak it over, but it still refused to shoot less than MOA. I purchased it for $400, and went to work on it in my shop.
I first lapped the barrel, retouched the crown with a .36 cal lead ball and valve lapping compound, then free floated the forearm and glassed the hanger where it bears against the forearm wood, relieved the wood 1/32" around the action so no wood of the forearm touches the receiver (very important on these rifles).
After that, I threw away the factory trigger and installed a Canjar single set trigger and set to work on proper handloads, paying attention to seating depth. Once I found a good load and played with seating depth, the rifle turned in groups as small as .250" at 100 yards. Of course my neighbor wanted to buy it back, but there was no way I was going to part with the rifle by then, and it has accounted for probably 2,000 ground squirrels and prairie dogs since that time, and is one of my favorite varmint rifles to this day.
Here's a couple of shots of her in the field after all the work:
A Nosler 40gr BT getting ready to give Skippy a headache (you can see the Canjar single set trigger):
Scope is a Leupold Vari-X III 6.5-20X with target turrets and fine Duplex reticle mounted in Leupold Ruger 1" rings.
On the shoot shown below, it was the first time EVER with any rifle that I shot a perfect "score" of 100 out of 100 shots in the field and never missed a rat, even to ranges exceeding 400 yards on that ranch. I doubt I'll ever be able to do it again, but the Accuracy Gods must have been smiling down on me that particular day. I've never been able to do it since.
If a fellow has some patience, and willing to spend some time doing a bit of work on the rifle and work up a good handload, these rifles will shoot right alongside a good bolt gun, but they do require the work to shoot up to their full potential. I was fortunate that one of my standard loads using H335 that I shoot in all my bolt guns chambered for 223 and 223AI also worked well in the No.1.
They are among some of the best looking falling block rifles around, usually supplied by the factory with premium wood also, especially in the buttstock. They will shoot as well as any Dakota, DeHass-Miller or any of the premium brand single shot falling blocks if worked over a bit.
cracker: Thanks for the well wishes and the kind words. Most appreciated from ones peers. This site seems to have a close-knit family of good-spirited fellows that I'm proud to call friends.