The Ohio National Guard rifle team used Moly coated bullets in their match M-14's. Half the team used them in alternating place members (2,4,6,8,& etc.) After a season of use, not one person using the moly plated bullets changed to a better scoring position! and the M-14's that moly bullets were fired in had nasty rust inside the gas system! The rust wasn't so bad that they would give up on the bullets, but for no practical advantage, why put extra wear on the system.
I have a thousand pack of Sierra Blitzing 55 grain 6mm bullets, I have loaded them in a Sako Varminter in 6PPC, They shoot fantastic but then so do uncoated! I got these for 1/2 price, or I would not have bought them. Some claim increased velocity, my point of impact didn't change, so the velocity didn't change!
Bear Creek Bullets of California made Moly coated lead bullets. I used them in several different cartridges. Very, Very Accurate out of my 45-90, and 45-70. Unbelievably accurate in my 38-55 Low Wall: Tang and Globe sights, 100 yard, 20 shot group, smaller than a Nickle, bigger than a dime! Worked fine in 45 Colt and 32-20 lever guns too. I see it as a lead bullet coating that works, but not something magical!
Ivan