We own two 7-08s and IMHO the answer to the question is - Yes, it is. A handloader can load up a 7-08 using max recommeded loads and get it to meet or closely approach factory loads for the 270 with 130-140 gr bullets. By the same token, you can lay on a 270 and go up another 100 fps+ beyond that. The 7-08 usualy does it in a shorter, handier, lighter package with less recoil. But I am biased.

"Blessed is the man whose wife is his best friend - especially if she likes to HUNT!"

"Love the Lord your God with all your heart, soul, mind and strength, and love your neighbor as yourself. There is no commandment greater than these."