OP don't let rounded Inches per hundred yards(IPHY, hunter's MOA) distract you too far from the actual MOA standard.
The .047" added to 1.000" absolutely becomes significant at distance & dialing ~40MOA+.
For example, 750yd shot with 40 IPHY dialed, instead of 40 MOA per ballistic solution.
The 40 dialed would carry an error of .047 x 40 =1.89 IPHY(from actual MOA) x 7.5 = 14.16"
With this much error from nothing more than lack of understanding -you probably shouldn't be taking hunting shots so far.
Groundhogs wouldn't even notice my shots if I did this..
It's generalizations here, especially in merchandising, that has led to most scopes not actually dialing in true MOA(even while advertised as 1/4moa adjustment, etc.). So we counter by testing our scopes to discover their true IPHY per click and entering this in our ballistic software.
Only when each '1/4moa click' actually measures 0.262" at 100yds, do we enter 1/4moa per click.
This is a LR hunting site, and not a competition shooting site.
As LR hunters we're not bound by arbitrary and fixed standards. We must account for realities in our capabilities.
Another example; in group measure IBS subtracts cal from group diameter. That is, they subtract .243" from a group shot with a 6mm. This is dead wrong, they should be subtracting a 6mm bullet hole, produced by that target paper, from group diameter. Try it sometime, it's a significant difference,, then consider all the 'world records' that have been recorded inaccurately.