The 7 is a very versatile rifle that is tough to beat for deer and elk. I prefer the 150 grain Barnes TTSX since mine loves 150's and those Barnes are really great at breaking bones if necessary.

I have shot several elk and a boatload of deer with my old Ruger 7mm RM made in 1976 and glass bedded, barrel free floated, and a trigger job 15 years later. It shoots little tiny groups and is sudden death for elk that are inside about 400 yards without having to think much. There are better dedicated elk guns with more raw power that shoot as flat or flatter but there aren't any that have a much better performance for the amount of recoil delivered. They just kill very well with a good bullet.