To more or less hijack my own thread - I have had an original Winchester "Deluxe" M71 rifle, with the peep sight on the bolt, for about 30 years. I have only shot cast in it, I do have a few old Remington factory loads for it but have not had a worthy target for them.
I wonder if the people who are saying the .348 is inaccurate and a hard kicker are shooting it off the bench? I would suggest it's not a benchrest gun, you can sight in using a standing rest, or from the sitting position, or to be a complete heretic I can suggest that you sight in from offhand - you can center a 4 or even 6 inch group as well as a 1 inch group.
The 348 is not intended for shooting squirrels, if your actual zero is off by as much as an inch say at 100 yards, again being a heretic, to me that's close enough. For the biggest deer, and mostly for elk and moose at up to 200 yards, shooting offhand or maybe if you get lucky looped up and sitting - if your .348 is holding within 4 MOA by itself, at least if I am doing the shooting, it's hardly the weakest link in the chain. So what I am saying is, if there are other guys out there who have a .348, and are not happy with the way it shoots or find the recoil oppressive, perhaps adjusting your expectations on accuracy, and getting away from the bench, might make you more satisfied with this rifle.
I can hold "minute of beer can" out to about 50 yards anyway with a 200 grain NEI bullet (an old brass mold, from the Walt Melander days). It hits a gong with satisfying authority. Maybe I just lucked out and got one that is more accurate than most.
Something I have noticed about this gun, and I think it was Ed Harris who pointed out that this phenomenon is not just lever guns, it's all 2-piece stocked rifles - it shoots way low with "powder puff" loads. I have to load a decent charge of say IMR 3031 or 4895, or it shoots so low that I can hardly get it on paper with the elevation available in that bolt-mounted peep. Interestingly, to me anyway, is that my 92 in 25-20 does not throw powder puff loads low, it shoots anything from light loads with Unique on up to more powerful loads with like 2400 pretty much into the same group.
Anyway. Just to ramble a bit about .348's and lever guns in general.