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Yes, that model is intended for the Oracle 308 https://www.midwestindustriesinc.com/product-p/mctar-17o.htm

Yes it will fit and work just fine

Jerek, yes Sir. This Hand Guard Fits:- DPMS Oracle .308 carbine rifles. ---- ((Features and Specifications)): - Manufacturer Number: MCTAR-170 - Drop in design with no gunsmithing required - Lightweight and solid lock up design - Constructed from 6061 aluminum hard coat anodized - Mil-Standard 1913 rails T marked for accessory location - 4 anti rotation QD sockets for push button sockets - Length: 6.125" - Weight 7.6 oz.