I built three ideal elk rifles in the last two years in this quest. I think I accomplished three ideal rifles for different situations that's for sure.
First one is a M70 FWT Classic .30-06 in McMillan Hunters Edge Compact with 2.5-8X36 Vari-X III. This one has been launching just about any 165 grain bullets under an inch quite nicely for three rounds around 2900 fps.
Second is a M70 Classic .338-06 in McMillan Hunters Edge Compact with 2.5-8X36 VX3 B&C reticle. I haven't had a chance to work with this one like I should but 200 grain Hornady's are showing good accuracy and nearly 2900 fps. 180 grain AB's hit 3000+ fps.
Lastly a M70 EW .270 Win wearing a McMillan FWT Edge stock with 3.5-10X40 CDS VX3. 130 grain NBT's have been going under an inch at 3090 fps. I just picked up 500 of the LARB's to try in this rifle.