Jeff
Charles is right. It's all about consistency. For pure accuracy either trimming meplats and/or pointing can improve consistancy. Trimming meplats is hard to screw up. The only thing you could do is trim more than needed and reduce the BC. Pointing on the other hand has some risk attached to it. It is a fact that once the diameter of a meplat reaches about .1 to .15 of the caliber diameter BC starts to go down. Something about additional shock waves that are attached and travel down the sides of the bullet. There needs to be a bit of a bow wake for the bullet to fly, seaching for a word here, I guess unencumbered through the air.
I have to wonder what happens to the shape of the ogive after the bullet is pointed. Jackets are thin and want to spring back after the initial forming. Some have lead to the tip and some don't. Over point them on the nose and I think you can create a condition similar to nose slump that happens during acceleration down the barrel. Different ogive shapes give you different BC's. I think one of the advantages of the BIB 187 is that it's lead line is very low in the ogive, no lead in the nose to slump. God knows they get driven hard at times. Some of you know I've been working with Hornady and others for the past two years developing new heavy bullets in 338 and 30 cal. for military use. One thing Hornady's learned, I'm sure the hard way, is that over reaching with the pointing die can cause problems. I just shot and compared Hornady 338-285's in the stock pointed condition and the same bullet with the meplat closed even more. The BC's were identical. Without changing, lengthening, the ogive we can only do so much, about 3%, to improve the BC.
Dave