The 308 will be fine for Elk but be sure to choose a good bullet and practice out to the longest range that you expect to be shooting. My son took a fine bull with one shot with a 308/180 NP.
Personally I use a 45/70 for big game. I am very fond of the round, cast my own boolits for it, and my LA rifle is mighty nice in the timber being as compact as it is.
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