I owned a model 7 in 7mm-08 when they first came out. I did manage to get mine to shoot very well (under 1") with handloads.
I did bed the action and free float the barrel. Here's the bad news: that made no real difference unless you consider that it even became wilder in sending out flyers on 5 shot strings. But then again it was slightly better on 3 shot groups when allowed to cool. The forend pressure point actually has a purpose on a very light barrel.
The biggest bang for the buck came from having the trigger worked on. No creep and lighter pull helped the most.
Before I sold it I bedded a pressure point back into the stock forend. I did this by shimming the action and bedding the barrel in about the same place as the factory pressure point was.
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