I get well over 2700 fps with the 162 out of my 22” 7-08.... wouldn’t have thunk it, but she does it. Short bearing surface?
I used 150 NPT’s from a 20” 7-08 Model 7 for a half-dozen deer, because that was a finicky rifle and it at least “liked” the 150’s. It certainly went right through them! Just based what I saw, I would expect it to penetrate well in elk while not being a particularly “stunning” load if that makes sense. I’ve also killed deer with 150 NBT’s and 140 NAB’s from 7-08.
Lots of ways to go with the Mighty 7-08.
It’s in that velocity window where it hard to go too wrong. If I were taking my (22”) 7-08 elk hunting tomorrow I’d zero it with 162’s but have an Accubond or Partition or a mono in the spout in case one jumped up in front of me.