It's a hard hitting, hard kicking elk hammer. As far as long range(?) it really doesn't shoot much or any flatter than several 30/06 loads but delivers more energy when it does hit. I can't stand that much recoil and continue to shoot well so I have a 338/06 but haven't shot anything but paper with it due to financial deprivation-can't afford to go elk hunting anymore.
The 338 would be advantageous when hunting heavy timber since it gives you some extra assurance of a quick take down of an elk hit maybe less than optimum.