Will do last time I shot it I shot 42.5 and at 60 meters it held 1.5 group with irons I think the issue is with opening in the stock
I hate to rain on your parade but if you do the math 1.5" at 60 meters works out to about 2.5 MOA. So your rifle presented a 2.5 MOA capability at close range; and one MOA at 300 yards is about 3". So, if your rifle were a true 2.5 MOA shooter, then you should be getting 7.5" groups at 300 yards. Since the size of your 300 yard group, approx. 2 MOA, was smaller than your 60 yard group I would say that you haven't really pinned down the rifle's true accuracy capability. Either something is moving, the ammo isn't working as well as it should, or the shooter just hasn't developed the skills to shoot consistently. In addition, I think that you have expectations that are beyond the capability of most M1As and most shooters. Unless you can hold groups that are a little less than 0.75" at 100 yards you wont be able to get 2" groups at 300 yards.
I don't think anybody can provide particularly helpful suggestions at this point because there isn't enough info to work from. Did you test the rifle's accuracy before you added all the parts? If so, then what kind of groups were you getting, with what ammo, at what ranges, under what kind of shooting circumstances? There are three areas that you need to troubleshoot; the rifle, the ammo, and the shooter. Unless you have a base to compare against you can't tell where the problem might be. I do agree however, that the load you are using isn't the best for accuracy.
If it were my rifle I would take it back to it's original form, stock, iron sights, etc. and test with a known good factory cartridge or hand load (around 41 grains of IMR 4895 or IMR 4064 and 168 grain Hornady A-Max bullets are a very accuracy load). Then I would tweak the rifle and my shooting skills until I could get consistent 1" groups at 100 yards. Then add parts and fix the accuracy issues as they arise.
That mount configuration sounds like a potential nightmare. All scope mounts need to be aligned with the bore in order to get the best performance from them and that's hard enough with a single mount, with a two piece mount it really complicates the issue and then two pieces that weren't even designed to work together...that's just a disaster in the making. Did you check the centerline of the scope's tube and compare it against the centerline of the rifle's bore? Both centerlines need to be parallel. Did you torque the mounting screws? If not then there is a possibility that there is movement. You may not be able to see it with your eye but all it takes is a couple of thousandths of an inch of scope movement to shift the POI an inch or more at 100 yards. In fact, if you work the numbers a little you will find that 0.002" movement in the scope could push the POI 0.75" at 300 yards. One other sighting issue that most people don't recognize as a problem is rifle cant. You can induce several inches of error at 300 yards with just a couple degrees of cant to the rifle.
I can't be of much help in regards to the stock, I've never worked with a SAGE but, as with any stock, it would be another potential problem area since the fit between the receiver and the stock is critical to the accuracy of the rifle. Obviously the main thing to look for would be any movement of the receiver within the stock, I know you mentioned the excess clearance in the area of the lugs but I have no idea if that is normal for the SAGE stock. Also look for any areas of contact along the barrel or the gas cylinder.