I haven't had any experience with the 7-08 for matches, but my basic thought would be that the 7-08 is lacking a bit in the horsepower dept for driving the heavy 180gr high BC pills. Especially when you could have a straight .284 Win and have much more capacity. All that said, if I were looking to get a budget (under $1500) rifle for F-Class shooting I'd likely just buy one of the Savage f-class rifles and go play.
Eric
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