For long-range match purposes, long, high-BC bullets are favored for their ability to buck the wind. You'll want at least a 1:8" twist to shoot the 77gr and 80gr MatchKings and 80gr Bergers. To shoot the new 90gr pills, a 1:6.5" is recommended, though a true 1:7" will work in most conditions.
Overall, what twist rate is best? For varminting we like a 12-twist. The slower twist will give you a bit more velocity, and minimize the risk of jacket failure at high rpms. For general use, an 8-twist barrel will let you shoot the excellent 77gr and 80gr Sierra MatchKings and nearly all varieties of non-tracer milsurp ammo. We'd only select a 1:7" or faster twist barrel if we had a need to shoot the 90gr VLDs.
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