That pretty much sums it up. The length/style of the bullet comes into play along with the weight.jbpmidas said:
This chart was sent to me a while back, maybe it well help.
.223/ 5.56mm
1:16 up to 55 grains
1:15 up to 55 grains
1:14 up to 55 grains
1:12 35 – 63 grains
1:9 45 – 69 grains
1:8 55 - 75 grains
1:7 62 - 90 grains