@ButterBean has gotten well over 4000 fps with 124 gr HHs and H4350. I got a 3956 fps reading with Retumbo and went up from there in powder charge but my chrony didn't pick up the velocities. I settled on about 3800 fps with H4831sc because it was more accurate than the faster Retumbo loads.
Why use a 124 gr bullet in a 300 RUM?
1. I primarily hunt whitetails and 500 yards is long range to me.
2. I have a lighter weight 300 RUM that I really like to carry but it scopes me about 50% of the time with 200 gr Accubonds.
3. I have a set and forget 3-9 scope on this particular 300 RUM and I can be no more than 2" high or low out to about 310 yards.
4. It is fun to try different bullets.