This is why the US snipers moved from 168gr to 175gr for .308.
The 175gr will stay supersonic to 1,000yards.
Actually, they moved from the 173gn FA-designed FMJBT bullet from 30-06 times which has excellent ballistic properties, but grouped poorly. Sierra's remit was to design a similar weight bullet with similar external ballistics properties but which matched the 168gn Sierra MK's superior ability to produce small dispersions.
The 168gn SMK was used in the US military M852 7.62, but primarily as a match round. It (in the form of the Federal GMM factory round) is very popular amongst US law enforcement agencies and was the 'gold standard' for the M14 /M1A period in US Hi-Power XTC competition which is shot up to 600 yards. However, the 168gn is a relatively short-distance model having been designed as a 300 metre bullet way back in the 1960s for UIT competition originally. It has an over-steep boat-tail angle that creates drag and instability once into trans-sonic flight which occurs around 700 yards in typical 7.62/308 use and 'standard ballistic conditions'. It is therefore not a 1,000 yard bullet at 308 Win velocities in normal conditions.
The 175 won't stay supersonic to 1,000 in the nominal US military sniper rifle / M118LR combination whose MV spec is 2,580 fps. With an average G7 BC of 0.243 its terminal 1K speed is a calculated 1,082 fps in 'standard conditions', some 40 fps below the speed of sound. 2,660 fps MV theoretically just achieves supersonic flight throughout, but that doesn't take account of MV spreads, so higher MVs are needed to ensure the slowest bullet in a string remains supersonic.
Isn't part of the coefficient equation calculus the weight. Changing the weight and length increases the coefficient which manifests itself down range.
Ah, if only things were so simple. BC in the commonly used form is a combination of sectional density (SD) and the bullet's 'form factor' which is calculated against that of a 'reference projectile', the old G1 being very close in shape to that of a typical .22LR 40gn 'solid' round-nose / flat-base bullet; the now preferable G7 is based on a modern artillery shell design with a much longer pointed streamlined nose and a 7-degree angle boat-tail.
SD is a calculation based on the projectile's mass and diameter and is therefore fixed for any bullet of a given weight and calibre. ie the SD value of any 150gn 0.308" bullet is 0.226 for instance and that applies whether it has a highly streamlined (low-drag) shape, or whether it's a flat-nose design for the 30-30 in a tubular magazine and has the aerodynamics of the proverbial brick-built sh*thouse. Going heavier for two identical bullet shapes increases the BC simply because of the SD improvement. However, a heavier bullet cannot be driven at the same MV as its lighter counterpart in the same barrel, maximum pressure etc, so may offer no practical improvement on the range.
The drag bit of the equation is the 'form factor' which gives a projectile a numerical value comparing it to the G-whatever 'reference shape'. The 'reference projectile' or basemark is always valued at 1.000, and as this is a drag-based measurement, lower values are better being 'slippier' in the air. So, if bullet A is calculated as 0.900 form factor, it produces 10% less air-drag than the reference; if bullet B is 1.100, it produces 10% more drag (at any given speed as drag isn't constant across all speeds). A good 155 match bullet can easily have a much higher form factor than an average or poor 185gn design ('good', 'average', or 'poor' only in the context of in-flight drag). The 155gn 308 Berger Hybrid has a form factor value of 0.953 (almost 5% reduction on the G7 'reference') which when taken as a ratio with the SD for all 155s gives a very creditable G7 average BC of 0.245; the 185gn Lapua Scenar which although a good performing match bullet design is relatively blunt and has a high 'form factor' value of 1.13, creating some 13% more drag in flight than the G7 'reference' ........... but has a much higher SD of 0.279. Turn them into BCs and they end up with a nearly same value of 0.245 (155) and 0.246 (185). So, at the same speeds, they perform
theoretically anyway, identically. But of course, you can't drive them at the same speeds - all other things being equal the 185 Scenar will have a significantly lower MV and therefore performs worse in both coping with wind and retained speeds.
Where you are correct, is that the heavier the bullet, the more leeway the designer has to improve the shape and reduce drag in flight (ie improve form factor). 0.95 is likely as low as anybody will get a 155gn 308 in a conventional lead core bullet, but the Berger 200gn 200-20X Hybrid from the same designer and period (Bryan Litz of Applied Ballistics LLC working as a consultant for Berger Bullets) has a form factor value 0.919, and his 215gn Hybrid design is even better at 0.898. (The very best of the lead-core 6.5mm bullets are better still at just below 0.89.)
The 308 175gn Sierra MK which is quite long in the tooth now dating from c. 1990, is relatively high-drag with a form factor value of 1.085, ie 8.5% more than the G7 'reference projectile's) 1.000. Even with its higher SD thanks to the additional 20gn weight over 155gn designs, its resulting G7 average BC ends up as 0.243, marginally lower than that of the 155gn Hybrid, and not much higher than that of Sierra's 2nd model 155gn MK (0.237). However, one can realistically expect to push those 155s out at 100 fps higher MVs and ballistically anyway they'll perform a little better across 1,000 yards.
Ballistics aren't everything though. As a rule, the longer the bullet design in a calibre/weight and the longer its nose section, the more finicky it becomes in its tuning. The 175gn SMK has a perfect tangent-ogive nose, is very easy to tune and very tolerant of chamber form, throat erosion and so on making it an easy bullet to shoot well, and importantly for the military, keep shooting over an extended barrel life. Likewise, the original 155gn Sierra MK (p/n 2155) is a superb design in this respect and is why the GB NRA specified it for the RUAG and now GGG 308 Win Match ammo it issues in major competitions, rather than the longer-nose later 155 MK (p/n 2156). Some bullets have been pushed too far in design terms it seems in the pursuit of low form-factor values / high BCs. There is a limited production design of 200gn 308 that has a measured form factor of 0.845, one of the lowest of any lead-core design in any calibre and a correspondingly impressive BC. I've yet to hear of anyone getting good results from it in long-range competition though!