I have the same range finder but thankfully my rifle fits into one of their canned ballistic groups and has been accurate enough to get me on target when I've needed to dial my scope. I would also prefer something that just told me the true horizontal range and I didn't realize this model couldn't/wouldn't when I bought it.
If Leupold's manual is accurate, this model is limited in that regard. The closest you can get is to set to TBR mode, then BAS. BAS will output equivalent horizontal range rather than a mil/moa/inch holdover. Apparently this range is still calculated with your ballistic group selection in mind. The manual does provide a page for what group to use if your rifle isn't listed, so you'll have to pick from them.
In thinking through it, I don't understand how an equivalent horizontal range can change based on the rifle, so maybe the group selection really doesn't matter in TBR/BAS mode. Maybe if I get bored while I'm out for second rifle I'll cycle through some ballistic groups and see if the BAS reading changes.