It does, but there are more effective options out there.
I don’t disagree at all, but I’m looking at it from a do-all caliber point of view.
I tend to assemble components into purpose made ARs.
To restate my original opinion on the topic
I also think the 5.56/.223 is as about general purpose as you can get out to 300. The cartridge is more capable than internet lore suggests.
Shorter or longer distances there may be other options.
What I’ve found is as you stray away from .223 you end up giving up something, be it:
Cost
Ammo capacity
Reliability
Ammo availability
Range
Etc
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