Wow a lot of great story tellersputting their thoughts (me included) into this question. Nice to see that, like mostconversations people sink their credibility as soon as they open their mouths. Simply amazing!
Now back to the question. I personnally shoot a 7mm STW (8mm Remington Magnecked down to the 7mm). I hate recoil so I loaded up for deer 120gr Barnes X bullets which are leaving the barrel at approx 3400 fps. Flat shooter, accurate that gets the job done very efficiently. You might question the "hate recoil" and wonder why the huge case? It was to get that little bullet out quick and as flat as possible. Going into the 160 gr bullet range I take a thumping and it is not needed for deer. My Elk/Moose load I opted for a 140gr Barnes X to reduce recoil but still retaining a slightly heavier bullet for the bigger thicker bonedanimal. Shoot a calibrethat you can personaly handle accuratly and never shoot beyond your capabilities!