Pretty much. It can be fired at reduced distances with reduced targets so if a range doesn't have enough room for a full-distance match, you can still play. A lot of good practicing can be done at as little as 100yds.
For the slowfire stages (200 Offhand, and 600yd Prone), the rounds must be single-loaded, one round at a time in the gun. Unless using reduced targets with no pit service, the targets are pulled and marked every shot. I.e. they pull the target down into the pits, put a spotter disk in the bullet hole, move the scoring disk around the outside edge to the appropriate location (x, 10, 9, 8, etc.) and run it back up. Generally speaking, you get a couple (two) sighter shots, and then either 10 or 20 shots for record (there are two variations to the basic course of fire)
For the rapid fire stages (200 Sitting & 300 Prone), you get two slow-fire sighters from position, and then you stand up. Your time begins and you drop into position as the targets appear. 60 seconds (70 seconds for prone) seems like a lot of time for 10 shots... but you have to remember you are getting into position, and there is a mandatory magazine change in there as well. At the end of the time period, the targets get pulled into the pits whether you are done firing or not
. Shots are marked, and the targets ran back up. Depending on which variation to the course of fire is being used, you fire either 10 or 20 shots (two strings of 10) at each distance for Rapid Fire.
Course of fire is normally either 'National Match Course' aka 'NMC' (50 rds - ten each 200SF, 200RF, 300RF, and twenty 600SF) or 'Regional Match Course' aka 'RMC' (80rds - two sighters plus twenty record shots at each stage).
Generally shot with either a 'Service Rifle', essentially an AR-15, M1A, or M1 that externally resembles standard issue M16-A2, M14, or M1 rifles, or 'Match Rifle' which is pretty much anything else (think Tubb 2000 as an example).
Any other questions, just ask.
Monte