It's ballistically a .300 WSM in a long, tapered case that feeds like greased snot through actions like the 700 that are, at very best, rough and draggy with the WSM.
If you value smooth feeding over short action length, then damned right there's a practical reason to choose the .300 H&H.
Tom
Anyone who thinks there's two sides to everything hasn't met a M�bius strip.