Back when Rem first came out with matte finish varmint rifle with H&S stocks back in the 80's I purchased one in 70-08 and 308. I'd plan to use both rifles shooting factory class match.
Only factory ammo I could buy for 7-08 was Rem with 140gr CL bullet which I chronograph @ 2844fps rifle had 24" long barrel. I worked up load using 168gr Sierra with 40gr/IMR-4064 @ 2563fps and I was looking at that load in Hodgdon 2012 manual max is now 39.8gr/IMR-4064 @2597fps. I'd also worked up load using Rem 140gr CL bullet 48gr/760 @ 2841fps and see that load is couple grains over max now @ 2791fps.
Here in Co don't see lot of 7-08.