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JP,
If you have never done an accuracy job on a #1 you might be interested in the article published on the net with regard to the subject. If you go to huntingnut.com you will find the article about free floating the #1 barrel, setting up the rib, etc. Once you study on the #1 for a minute or two, it is very obvious that the design of the hanger was for free floating the barrel.
By the by, I have a 240 Laser which is very similar to the 240 Gibbs, just a tad more capacity. I use the 280 Remington brass to make the cartridges, fireforming by setting up a false shoulder. Same process will work for the 25, but in the #1 you can not get a crush fit, like you can with a bolt gun. So, you will need to set that false shoulder exactly right or use the bullet into the lands method of headspacing for fire forming.
Best,
Ed.
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