If your rifle is approved (more than likely) for 150gr black powder/pyrodex, then you can use 150gr of T7 PELLETS. If you use LOOSE T7 you will have to reduce your load to be in the "safe" range-about 135gr and under.
Anyways, I shoot 130gr pyrodex RS w/ 250gr T/C Shockwave. I would trust this rifle and load to over 200yds in a no- or low-wind situation. I have twice already. Believe me, a ML is still packing PLENTY of power to perform on deer at that range with a load like that.
This deer was taken at about 190yds. Easy kill for the Omega. Notice the amount of blood, the deer dropped where it stood.