Finally. No BDC reticle! Nice scope at a reasonable price. I've always thought the M-223 had nice glass in its price range, but I absolutely hate the BDC reticle which clutters up the field of view and is only right for one load at one velocity.
For shooting within the point blank range of the rifle, this reticle is a vast improvement. If you need to shoot longer, you can use a ballistic calculator and simply "come up" in inches with the elevation turret. The dot seems a bit large, which is a trade off. Make it bigger and you can get on target quicker, but it will cover up small targets at longer range. Comes with the territory. I'd say that you should be able to use that scope accurately out to about 400 yards, with proper zero and with a midrange trajectory that is no more than 3" above line of sight. Depending on load, that should give you a point blank range of about 325 yards before you even need to think about holdover, again dependent on bullet weight and velocity.