I'll stick with pellets inside of 100 yards, but I have two guns I'm tuning to shoot slugs.

First is a .22 EDgun R3 Long, and I'll be shooting 23 grain NSA or 22.5 grain VK slugs at about 940 FPS. This should be good minute of squirrel out to 150, maybe 175 yards.

The other is a .25 EDgun R5 Super Magnum, and I'll be shooting the 33.5 grain NSA hollow points at 935 FPS, or the 29 grain NSA hollow points at 995 FPS. I expect to reach out and touch ground squirrels to 200, maybe 225 yards with this combo. Info and videos to follow later on this Winter...
 
I use slugs in my .45 for big game hunting, otherwise in the smaller calibers I choose pellets because I can safely and accurately shoot in areas firearms would not be appropriate. I find even the top tier airguns in .25 and .30 do not measure up to the lowly .22 LR. Ammo cost is a factor too, pellets are a good value. Choose the right tool for the right job IMHO.
 
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Once your gun is harmonic tuned for the slugs they handily outperform pellets past 75 -100 yards. I like to shoot things at 200 yards and there is always a breeze where I shoot so slugs werq best. My 22lr powder burners won't come close in accuracy to my Impact unless I feed them the .20 a round ammo and then they will only match it's .5 inch groups at 100 yards not not improve upon them.
 
I have my Impact for slugs and a well tuned P15 for pellets. 

I took the plunge and got a Corbin swaging set up. Now I can't imagine shooting pellets except for the close range saftey senerios. Slugs now cost me half the price of pellets and each one comes out match grade perfect.

Slug costing half of pellet? Oh really. Please show me where I can get slugs for half the price on pellets cause cheapest I found are from neilsen for 350 slugs for $19. Vs tin of 500 jsb for $14. So please tell me where I can get 500 slugs for $7. 
 
I love shooting slugs and pellets both...slugs when there is wind, pellets when it’s calm. On a windless day, I don’t think slugs can compare to a pellets accuracy out to and even past 100yds. If there is any wind or shooting way past 100yds. the advantage goes to slugs. A 5 shot, 1/2” group at 100yds is very difficult with pellets, damn near impossible with slugs!

Stoti
 
Even on a day you feel there is no wind I would back the accuracy of a slug to get you closer to your point of aim on the first shot no sighters The precision of the pellets might give you a better group but not on the bullseye! 

I don’t think the day when 1/2 moa will be the benchmark for slugs at 100y is far off. In .22 there are already guys achieving this. .25 cal that accuracy isn’t quite there but it’s not far off.