I have two of the 204 527 Varmints and one in a 700 SPS heavy barrel. The one CZ I got last year shoots like the proverbial house on fire. I shot 21 different loads with 39 grain Sierra's. Of the twenty one I had only two over 1" groups, nineteen were under 3/4 inch and six were under 1/2 inch!! The action is not as smooth as glass but it is certainly acceptable. The set trigger, once adjusted, is a dream off the bench. The rifle kills like lightning out to 350 or so on PD's. I manged a double at 345 yards last summer with mine and in my area the PD's aren't that thick so that is a rarity!!
The 700 while having a smoother action is also a good shooter but the trigger is not as easy to adjust. Since they put epoxy on them at the factory it is a real pain to get in there and get them down where they belong for good long range shooting. I fould it to be pretty accurate also with many loads shooting into 0.6 inches and several dipping down into the 0.3 range. This was as I was breaking in the barrel. I can't wait to see how it does in the long run.
I just purchased another 527 Varmint the other day because the wood was so gorgeous I could not leave it on the shelf !! I may try and post pictres of it if there is and interest. I am tickeld with the CZ products and even got a 28 gauge Ringneck for a gift to myself on retirement from over twenty years of Federal law enforcement last summer.
Greg