Small groups are fine, but it's far more meaningful to show the two five-shot groups before the pictured one and the two five-shot groups that followed. Five, five-shot groups gives some real perspective about the rifle and load.
I did an informal study about groups and group sizes several years ago just to satisfy my curiosity using eight rifles. Results were crude and basic and not done by an expert, but I learned a few things. Eight three-shot groups and six four-shot groups also provide useful information.
Measuring group sizes with a ruler graduated in tenths or twentieths of an inch is far more useful (not to mention repeatable) than using a caliper, the exception being a record benchrest group with several people measuring the group officially.
Study and measure the bullet holes in the paper. Many like to deduct bullet diameter, .308 for instance, from the outside-to-outside measurement. See how many of your bullet holes actually are .308". Most, maybe all will be considerably smaller regardless of the type paper. Our methods may be flawed, but close enough, I suppose. Another good reason to measure with a ruler.