I was looking at a Savage 7mm-08 just a couple months ago, for my wife. I was looking at the new Seirra 10FM Ultra Light though. I was seriously leaning towards the the 7mm-08, but choose the .308 instead, because I was already set up for reloading the .308 and had all the bullets, powders, brass, and dies needed for the .308 Win. If I were going to shoot strictly facotry ammo I would have gone with the 7mm-08 in a heart beat.

The 10FM Seirra has a 20" barrel, with a 13.5" pull length, is about 40" overall, and weighs about 6.5 pounds less mounts, rings, and scope. Right out of the box, the Accu-trigger was factory set at just below 3#'s. I put Weaver Grand Slam bases, Millett angel-loc rings, and a Nikon 3-9x50 Buckmaster scope on it. After about 50 rounds of breaking in the barrel, it shoots very well. With Federal Gold Match 168gr, which is all I have shoot in it so far because I have a case of it, I have gotten a few groups in the 3/4" range, but most run in the 1-1.25" range. The first 3 shots are extremely tight, in the 1/2" range, then the barrel heats up and the 4th & 5th shots open the groups up some what. But it is a great shooter so far, and I haven't even gotten into bedding it or anything else.

Ammo with a good bullet like the Nosler Partition, Speer Grand Slam, Barnes X-bullet, Win. Failsafes, and/or other premium bullets, in the 140gr plus range, should do the job on elk out to 200yds just fine. For deer, it should be a fine 300yd rifle.