Harold, Good points. Here's more insight, enough to make your head hurt.
One thing to be aware of is that some scopes, including some higher-end models, are calibrated such that an adjustment of 1 MOA corresponds to exactly 1 inch, rather than 1.047". This is commonly known as the Shooter's MOA (SMOA) or Inches Per Hundred Yards (IPHY). While the difference between one true MOA and one SMOA is less than half of an inch even at 1000 yards,[4] this error compounds significantly on longer range shots that may require adjustment upwards of 20-30 MOA to compensate for the bullet drop. If a shot requires an adjustment of 20 MOA or more, the difference between true MOA and SMOA will add up to 10 inches or more. In varmint hunting or competitive target shooting, this can easily mean the difference between a hit and a miss.