.311" 110gr v-max and 123gr HP bullets are available from Hornady .....
..... both could be pushed to explosive fragmentation speeds out of the Commie Aught Six.
The 110gr V-max in .277" does not ricochet when launched past 3K f/sec.
I imagine the same would be true of the .311" flavor.
TheGolden Rule of Tool Use: "If you don't know what you are doing, DON'T."