Hornady makes Superformance ammo with a 165 GMX bullet. This ammo replaces their "light magnum" line, but does the same thing: 200 fps faster with no more recoil.

Currently $32 at Midway: http://www.midwayusa.com/viewproduct...tnumber=911909

That is what I would be carrying if I were hunting for elk with a 30-06. IMO, it is the best compromise between speed and weight.