Nice rifle!
It could be any number of things. It should stabilize. Use this calculator to check:
http://www.jbmballistics.com/cgi-bin/jbmstab-5.1.cgi
Make sure you enter the plastic tip length, it makes all the difference. If you set the field to zero, you will generate a "marginal" stability result.
I had all sorts of problems trying to get my .243 to group with Sierra Gameking 1520 100gr (too long), so I switched to the slightly shorter, stouter Sierra ProHunter 1540 100gr. Second thing I did was change powder thanks to advice on here, from ADI 2206H to ADI 2209 - this because the fill ratio with the former was too low, and the latter gave me very close to a full case.
I see you are loading in the middle of the published N160 powder weight range, so it might be worth trying out the next bit, it’s what worked for me:
With 2209 the ProHunters were giving me better - but still slightly erratic - accuracy, similar to yours, but as I worked up the powder weight range in 0.1gr increments, they suddenly grouped tight as a nun's chuff well inside an inch, right at the top end of the powder weight range.
I wasn't getting any pressure signs, so I pushed on a little past the max published load, the group opened up again, so I went back to the high "node" and have stuck there ever since.
If you search under my name for ADI 2009 you should find the thread. The photos don’t show up anymore cos I won’t pay Photobucket for the privilege.
There are lots of other threads on here describing similar problems. Look for the one about the Sako that wouldn’t group – it’s only a couple of months ago. I think he ended up in a dog fight with Sako and ended up rebarrelling.
Check for free floating as the barrel warms up – is there any possibility of a pressure point on the barrel? Are you shooting hot, one after the other, or allowing a cooling period between shots?
I’m right at the bottom of the “accurizing” expertise list on this forum, as I don’t bother trying to get better than MOA accuracy at 100yds with a standard rifle, as I’m a hunter not a paper puncher. So maybe one of the other guys will have some more detailed tips.
Good luck!