It's not always about speed.
There's pretty much always something faster.
The 7-08 is one of the best compromises of power, trajectory and low recoil, IMO. Nearly equaling the power of the large or faster rounds with a lot less recoil and considerably more power than the "lesser" rounds with only minimally more recoil. It's a great round.
Still happily answering to the call-sign Peetza.
The problem, as you so eloquently put it, is choice.
He is no fool who gives what he can not keep to gain what he can not lose.
-Jim Eliott, paraphrasing Philip Henry.