RE: 7.62 = .308??
The 7.62x39 is the AK/SKS round. The cartridge length is 39mm, hence the metric name. The 7.62x54R is used in the Mosin-Nagants and SVDs, among other Com-Bloc rifles. As the name denotes it has a 54mm case length with a rim.
They are two very different rounds (the 54R was developed in the early 1890's; the 39 in the early 1940's), but both useful to the plinker, and in some circumstances, the hunter as well. In terms of ballistics, the 7.62x54R is similar to the .308 Win. On the other hand, The AK cartridge is a bit underpowered for hunting, although anything is possible with perfect shot placement.
I've not owned an AK or SKS, but they are very fun to shoot during an informal plinking session. I have owned a Mosin (first rifle, just sold it a couple of months ago), and it's a whole other beast. It's very heavy (about 10 lbs. loaded), very long (I believe it was a little over 48" butt to muzzle), and the sights are awful. Cheap, but I wouldn't use it to hunt unless I had no other choice.
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Matthew 18:3-6
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