Thanks to all for the feedback and apologies for the delay. I wanted to complete the assembly of my rifle and get some actual loaded cartridges in hand to test the real world fit and function with this set up.
Parts refresher:
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Action - Zermatt Origin LA - which comes with Remington style feed lips. Capable of accepting AICS Long, CIP, and CIP+ length bottom metal and magazines.
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Bottom Metal - Grayboe M5 DBM "Long" 3.715"
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Magazine - Accurate Mag 5rd 3.715" (300win mag length)
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Stock - McMillan Game Warden LR - Inlet for Rem 700 Long Action clones - Pillars installed
With a loaded magazine and the bolt open, there is approximately 0.25" of vertical travel between the magazine bottom position where it is stopped by the mag catch, and the top position where the top of the magazine makes contact with the bottom of the action. I didn't note exactly where contact is occurring (to answer your question
@MOA) but I can follow up on that, but I believe the magazine feed lips hit the action feed lips. The amount of vertical play still strikes me as excessive and seems like it would be temperamental with regards to feeding, and no surprise, it is.
With the magazine in the absolute downward position the bullet tips get pressed into the vertical portion of the action just below the feed ramp/bevel and will feed no further. This might be fixed with some tweaking of the front portion of the magazine feed lips. All of the mag tuning videos presented are for short action mags and suggest a consistent gap of 0.4". My mag body has a noticeable taper front to back and I can't seem to find any recommended spacing for the 7PRC/long action AICS Mags.
With the magazine pressed all the way upward the bolt gets stopped by (I believe) the back of the magazine. It might be the back of the feed lips. I will try and verify. There were suggestions to shim the bottom of my bottom metal, but that will simply exacerbate the problem described above where the round feeds too low and is being driven straight into the vertical face of the action. There were comment above stating that the weight of the loaded mag will hold the mag low enough to keep from being over inserted, however what happens after I fire 4 rounds and now I have a mostly unloaded mag?
My next step is to reach out to MDT and see if their adjustable mag catch could be modified to fit into my Grayboe bottom metal. Any other suggestions appreciated!
Perhaps it's the engineer in me, but I just can't figure out the sloppiness and excessive vertical play that seems to be considered acceptable in this system. Having a rock bottom stopping point only on the bottom direction of travel with no purpose driven limit at the top seems like a system destined for failure.
Thanks to all for your time and insight!