RE: 338 Federal
Yep. Cuz if you've got a magnum you get to thump your chest, and your more likely to win p!ssing contests...
The .338 Fed looks to me like it would be a goodchoice for shots under about250-300 yards, particularly if you're going to be lugging it around in the mountains where it might be nice to have a lighter weight short-action rifle.
If it was me, I'd just load my .30-06 up with a properly constructed 180 grain round and have at it. Hits harder than the .338 Fed after about the 100 yard mark. Shoots flatter than the .338 Win Mag with 210's or the .325 WSM with 220's.That way, I save the money on the purchase of a new rifle and can better afford my taxidermy bill after the hunt.