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I have used a Lee hand press on everything from 9mm to 500 S&W Magnum in handgun calibers and 22 hornet on up to 45/70 in rifle calibers. If you are short on space and not a high volume shooter it will do fine.
A case trimmer would be necessary for you to get the optimal life out of your rifle cases but not having one isn't a deal breaker. Depending on how hot you load your 223 ammo it may take a few loadings before they stretch to a point of concern.
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