I know if might not be “real” elk hunting, but when I someday draw a tag for the unit my property is on, the .340 could be pretty ideal. For example, pictures paint the scenario better.

Here’s my camp:

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When I wake up in the morning, I can walk about 150 yds west to this rocky mount (viewed east-to-west):

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This is what it looks like from the other side below (west-to-east):

July:
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January:
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When I peek over the ridge in the early mornings, I often see elk and/or deer down below--anywhere from 150 yds away to infinity:
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If a giant bull was standing 500 yds away and the winds were not crazy, I likely would be happy to quietly put that .340 down on its bipod and, in the prone, take a well-thought-out and calm shot. For that purpose, the weight of the rifle is irrelevant, and being able to put a 2,575 ft-lbs of whoop-a$$ on him with only 6 MOA of holdover would make sense to me. I know that’s not a common elk hunting scenario, but it might be for me someday.