I had a 340 Wby built on a fully accurized 700 with a Shilen Barrel in a HS Precision stock. I couldn't get more than 2800 fps with 250 grain bullets with any accuracy. I tried chambers both with and without the freebore. I had that exact barrel rechambered in 338 RUM and picked up a solid 150 fps and improved accuracy. I did change stocks with the 338 RUM to a McMillan.
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<br>The recoil from a 340 is stout. I did not think the 100 fps increase in velocity the 340 provided over the 338 Win was worth the exponential increase in recoil the 340 provided. However, the 338 RUM--in the McMillan stock--isn't any more uncomfortable to shoot that the 340 was in the HS Stock.
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<br>From what I've seen through my chronograph, a 338 Win will get 2600-2700 fps with 250 grain bullets. (I chronoed some factory loads at the range last week, and they barely went 2600). A 340 Wby will get around 2800 fps with handloads. I didn't chrono any factory ammo through my 340, but I think the claimed 3000 fps with 250 grain bullets is extremely optimistic. As you have noticed, most handloading manuals don't show much over 2800 fps with the 340.
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<br>The 338 RUM gets around 2950. The 338 Win's recoil is mild (300 Win Mag level). the 340 and 338 RUM's recoil is stout, and does take some getting used to. In fact, my 416 Rem is more comfortable to shoot than either the 340 was or the 338 RUM is.
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<br>I do know of one guy who had Blackstar electro-polish his 340's barrel and uses moly coated bullets. He gets 3030ish with 225 grain Barnes X bullets.
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<br>Blaine