My dad has a pre-'64 Model 70 Featherweight in 30-06 he won in an air show raffle. (This was in Lewiston, Idaho in 1964, and storied Lolo Sporting Goods on Main Street provided the prize - a brand new Model 70 in 270 Win. Dad wanted an "ought six" so they told him "Well, we have do this last year's Featherweight model still on the shelf in 30-06, would that do?")
In those days, when elk were still plentiful in the Clearwater Country, tags were unlimited, and every wide spot on the pre-dawn logging roads on opening morning held a rig, many sporting California license plates, "minute of angle" was not yet a catch phrase in the typical sportsman's lexicon. Any rifle that could hit a pie plate at 200 yards, from a decent field position, was considered plenty accurate enough for hunting in North Idaho. If you complained about two-inch groups, the response would likely be "Ok, so what's your point?"
Anyway, after I obtained it in the '80s, it had fewer than two boxes of shells through it. That rifle never shot small groups for me, but 1-3/4 inches all day, no matter what I fed it. And with no recoil pad, it really punished me even if I hugged it for dear life. Eventually, its dark, pretty stock developed a bad crack in in the wrist area, and it was retired to dad's closet. (He just turned 89 last week.)