I got my 1st one because I wanted to convert it to smokeless to extend my range. It shoots great and I took a buck at 304yds in early Jan. Side note: do not shoot smokeless powder in a factory 700ML, mine has a smokeless capable barrel and breech plug. My 3rd one will remain mostly stock ( I say that now until I see all the goodies I want to buy for it) and shoot BP subs.
If your a 700 fan, keep an eye out for a good used one, I don't think you will be disappointed, but get the 209 Bolt Nose kit. The factory 700ML suffered from blowback and required lots of cleaning in the bolt and trigger area.