Down.
It's possible to attack for less than 4 AP with Point Shot (:
Sweet, thanks. If I'm not mistaken, the Dex bonus to small weapon's AP rounds the other way 'round (up)?
EDIT: that was unclear on my part. Forget I said anything until I can formulate a rational question.
(ok, what I should have asked was: does the Dex bonus get applied before or after Point Shot) thx.