I have one myself and would feel super confident that should I need to shoot an elk at 200+ yards it is certainly up to the task. That is also assuming shooting the right bullets for the job. Elk hunting I would definetly use one of the offerings from Corbon or Buffalo bore. At a minimum the Hornady 265 grain loading.
Corbon has a 280 grain bonded bullet at 2200fps and a 305 grain solid penetrator tip at 2100 fps. With the 305 grain solid penetrator tip I would feel confident hunting anything in the world with it.
Buffalo bore loads three different loadings. A 270 grain jacketed H.P. at 2250 fps, a 300 grain jacketed flat nose at 2150 fps, and a 335 grain wide flat nose at 2025 fps.
THese two companies load them the way they should be loaded. They are a little expensive but they aint no sissy 240 grain Remington loading either

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