I thought it would be fine, yes. If not the HP, a lightly loaded TSX would certainly do the job. The TSX won't even expand below 1,800fps. If not that, a heavier bullet with Trail Boss would certainly kill rabbits without being explosive. I could get speeds down to 1,200fps, maybe lower.
Besides, previous responses have suggested 30-06, 45-70 and even 500 mag. 7-08 doesn't sound particularly over powered comparatively.
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