They also improve (flatten) trajectory at longer ranges due to less drag.
You really need a good barrel for truly satisfactory results with any Lee Enfield and boat tailed bullets. Brit ammo with cordite produces a very hot burn which increases barrel erosion at the throat, a big part of the problem. My No. 4 Mk 2 which I got new in the mummy wrap handles boat tail bullets well but its post war very high quality construction and hadn't sent a round down range from the time it left the factory until I got it.
I also use 4064 powder for handloads in my No 4 and find it works very well indeed.
A good flat base 180 gr spitzer should give good results and shoot to the sights with the right load. If you find some old nasty .303 Brit. Mk VII ball at a good price and pull the bullets you should get a very satisfactory result with your handloads. I've done that and been well satisfied.