Super simple. Put your streaks on chainfire and hold down the button. 5 ssrm4 just conveniently chainfire in a perfect loop. If you get into a facehug fight hold down the flamer until they shutdown and keep firing. Bonus points if you use the enemy as a shield and cause a bit of friendly fire.
Works pretty well, but you can get pretty much the same result with 4x SSRM6. It lets you scrape armor off of that arm slot and either put it elsewhere or improve cooling. I'd also say that 500 ammo is usually overkill for Scouting. You can almost always get by with 400.