Usually, at those ranges nothing hits anyway. Unless the target is in open terrain you rarely get a kill. In most cases, targets will only take suppression. They are very deadly at close range. I think play balance is good and realistic.
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That may be true Dion but probably only because HMG killing power is underrated in the game. The tripod mounted MG34 range is however definitely wrong. I think I have found a bug my bailed out Italian vehicle crews get one smoke grenade when they throw it next turn it is always replaced.