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And before the magnum crowd comes out, I can easily shoot 4" groups (= shot in the vitals) from field positions at 200 yds (about as far as I would look at taking a shot) with a .308.
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Don't write off the magnums just yet - if it is a dedicated hunting rifle and you're buying good commercial rounds the cost difference between .308 and magnum rounds like 7RM and .300WM is minimal. The 270+ magnums are faster, flatter and harder hitting if you can handle the kaboom.
If it's not a dedicated hunting rifle and you're reloading / looking for cheaper ammo, by all means go 308.