I have reloaded hundreds of the Fiocchi .223 cases and have cases of factory 40 gr V-Max loads to shoot that I plan on reloading. Very few problems reloading the Fiocchi brass. Are a few of the flash holes off center? Yes, and a few were way off center. However, rotating the case in the shell holder enabled me to de-prime them and they worked fine once loaded. Since I bought most of the ammo for $16.95 per box of 50, I consider the brass to be just fine for reloading. I know some of the cases have been loaded at least 5 or 6 times and have only lost a few to split necks. (I have never annealed any brass)
In my opinion, the Fiocchi Extrema ammo is one of the best bargains out there, in both the 40 gr and 50 gr V-Max loads. MOA or less in 4 different .223's including a couple of 1 in 8" twist AR's. Best in the 1 in 12" Remington SPS varmint. An honest 3650 fps for the 40 gr V-Max out of the 26" 1 in 12" barrel.