I know this is the general thought, plus the bullet has to coast up to the lands, and the barrel diameter is a little off...I think someone mentioned accuracy in the previous responses. Reliability is acceptable. Accuracy however is not. 22 LR likes a 1 and 16 twist. Most AR-15s are half that or more. Bullet has difficulty stabilizing. Great for SHTF though.
With that stated, I shoot about 2 1/2 - 3 MOA with mine 'slung up'. That's about what I get out of non match 5.56 as well.