For 400yd elk shooting it's not just my opinion but Jim Zumbo's as well, the 06 is marginal at best. He has shot ALOT of elk and after nearly losing a good bull at 425 several years ago he was given a 300Wby by a hunter in the party with him (Gen. Chuck Yeager!) and after a season with that gun and several western heads taken with it, he admitted he should've stepped up from the 06 considerably earlier than he did.
I LOVE the 06 myself, I have 2 of them. BUT there are far more capable rounds out there that aren't going to break your shoulder or the bank when you shoot them. I don't understand the "anti-magnum" attitude that is growing on this site!
Take your pick, STW, 300Winnie, WSM, Wby Mag, RUM or even hotter... NONE of them will kill a bull to dead!!!

RA