Jordan,

Finding a bullet you have confidence in is good. I suppose that the lead core alloy and jacket composition of the 7mm and .308 amax would be the same. I would guess the .308 amax has a slightly bigger hollow point under the plastic tip that might lead to more rapid and wide expansion, reducing penetration. I suppose that the moment of inertia or some other physical property of bullets change as cross section increases. I can't remember much from physics classes about calculating sectional modulus or if it would even matter as the bullet distorts after running into flesh.
Enough ballistic gack. Enjoy the elk meat! I doubt I will get out again to hunt for one here but I still have some left over from last year.

Scott