GPS “precision” is plus or minus 10 feet with WAAS support. Without, you're looking at plus or minus almost 30 feet.
To this, you add the offset between the GPS receiver and the transducer. You then have to account for the offset from the center of the transducer to the actual target which varies by transducer (cone angle) and depth.
Keep in mind that you have no idea if the target is off to the left or right of center. With experience, you could run split screen and monitor dual frequencies 50/200 kHz (two different cone angles) to try and narrow down the offset.
Hitting Screen history is pretty useless except to get you back to a general area. Depending on your picture advance setting, boat speed, cone angle of the transducer, etc. what is displayed on the screen could be anywhere from 10-200+ feet behind you.
You could use A-Scope mode to home in on the target but you still have to contend with the unknowns listed above.
GPS precision will also be a problem but I don't know how Quickdraw deals with the offset from transducer to GPS receiver thou. Something to try...
Realistically, the best you could hope for is to get within a boat length of your target.