RE: 7mm or 300mag?
Either. I faced the same situation. I opted for the 7 rem Mag, it did all i wanted, I have shoulder problems so heavy recoil was not an option, the actual gun fit me better and if you care ammo is cheaper(for me that was the bonus, not consideration). I am tickled with my 7 mm, I can handle a long range session with it and very nice shooter. It has put down 2 animals and one was a very large bodied buck, that didn't take a step.
Now to be perfectly honest if I had no shoulder problems, I may not have even considered the 7 Mag. Just cause I own a 270 and was thinking I need a 30 Cal. I never went to the new short mags, I didn't like the bullet or gun selection available at this time. I say if your going to go mag. then stick with the standards...just mho.