Well,your are going to get a lot of varying comments on this one. IMO, the best general use arrow is still the ACC's. But, some of the pure carbons are come very close. Now, the reason the ACC is the best is because of it straightness and spine consistancy,as well as a lot of spine grades. But, it comes with a price and if really abused it will bend.
Now, I guess, target shooting there is a lot of variation depending on the format. Again, in most any shooting event, you will see ACC's. IMO, there is no such thing as a do it all arrow, or I would be shooting it. For hunting I am using Easton Axis and I really love them, they are about as tough as they come and will basically be legal for any quary. They are heavy and will not work as good as a lighter, larger diameter shaft would for target.