I can get Wolf 7.62x39 locally for about $2.99/BOX still, but I can't get unlimited quantities of it.
I'm really itching for an AKM right now, but I might put the money towards and AR-15 as I already have a SKS that's getting difficult to feed.
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The steel cased ammo isnt very accurate out of any rifle, so i would limit myself to a close shot with the steel cased stuff. 100 yards would probably be the maximum range unless your rifle happens to like the stuff
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I shot plenty of x39 and 54R steel cased ammo and haven't been disappointed with accuracy at least in military rifles, though it goes without saying that I can do better with handloads. It doesn't make much sense to burn up winchester x39 ammo in a SKS at $10-15 a box unless you are using it for hunting.