Just like it parent case the 30-06, many good calibers have been develpoed from the 308 case. The 243, 260.7mm-08 and the 308. The 7mm08 is certainly one of the best. It is very capable of 300 Plus yard shots on deer size game in the hands of a good rifleman. Federal loads the Nosler Partition for the 7mm-08 and you would have a hard time improving on that load. If you reload then your options are almost limitless. Good luck I think you will love the combo you have. I have a Savage 110 Scout Rifle in that calibe. It has an excellent peep sight and just a 20 inch barrel. I like the 120 grain Sierra pro-hunter bullet as I reload all my own. For real big game at close range I like the 175 Grain Hornady.