There is some accurate information in this thread, along with a whole lot of myth.
1) When the M855 62 gr round was developed it was well understood that 1:9 twist was the optimum twist rate for its length. However 1:7 was adopted due to a desire for the M16A2 to be able to fire the much longer M856 tracer round, with enough stability to penetrate a steel pot at 500m.
2) 1:12 twist is ideal for the M193 55 gr Type B bullet that was originally designed by Stoner and Sierra for the M16. Early 1;14 twist rifles had issue in extreme cold weather testing where the bullet was only marginally stable.
Remington however, used its own shorter type A bullet in production ammo, in part to use its own bullet and in part to resolve the stability issue before the government changed the rifling twist.
That's also what triggered the whole penetration, velocity, pressure problem as that shorter tangent ogive Type A bullet had a lower BC and bled a lot more velocity than the longer, secant ogive higher BC bullet it had bene designed for.
3) The problem with the average 55 gr FMJ in a 1: twist barrel is that FMJs are generally not as consistent. Their center of gravity is usually not all that precisely aligned with their center of form. Consequently, when they leave the muzzle they transition from the muzzle to free flight, they also transition from rotation around the center of form to rotation around the center of gravity, and that causes some initial wobble which causes yaw and precession, which increases dispersion.
At 3200 fps, a 1:12 twist is imparting 192,000 rpm to the bullet. However in a 1:7 twist barrel, that increases to 329,142 rpm. that much higher rotational velocity has a similarly large increase on the presession of the bullet as it yaws.
In other words, while a more precisely made FMJ like the Hornady 55 gr FMJBT will shoot better than a less precisely made 55 gr FMJ, the same 55 gr bullet at the same velocity will shoot better in a 1:12 twist barrel than in a 1:7 twist barrel. Excess rotation is never a good thing.
4) The 1:9 twist has become the standard commercial twist for very good reason. It does less harm to the accuracy of cheap 55 gr FMJs and its fast enough to stabilize bullets up to around 69 grains (depending on length and velocity).
5) From a service rifle competition perspective, I preferred 1:8 twist. It would adequately stabilize any bullet that could be loaded to magazine length, without excess spin that would reduce its accuracy potential.
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In short, if you're going to:
- shoot 55 gr FMJ range ammo, get 1:12;
- shoot 62 gr FMJ, or a combination of 55 and 62 gr, get 1:9;
- shoot magazine length match loads in weights up to around 75 grains, get 1:8; and
- if you are going to single load longer, heavier rounds in a bolt gun, then sure, 1:7 makes sense.
- if you're shooting a short barrel rifle or pistol with commensurately lower velocities and also shoot longer bullets heavier than 62 grains, then - and only then - 1:7 might make sense.