This defies gravity and doesn't make sense to me. There has to be a mechanical error in the gear or the shooter. If it continues to group sub MOA, I would say the load is solid. In most cases, he should be zeroed at 200 yards if he is a couple inches high at 100. This would put him 7 inches low at 300. My numbers are approximations based on velocity, but would be very close.
If it were the gun, I would expect the grouping would not be sub MOA. If were the scope, I would say he has a serious tracking issue if he is dialing. If it is the shooter, I would look at how he is shouldering the rifle, if the sling stud is hitting the bag on recoil, etc. Again, If it is him, I would expect his groups would open up and not be sub MOA.
What's it do at 200 yards??