I have the 11/111 LRH in .300 Win Mag. I wouldn't exactly say that it's light for a .300WM. If you plan on doing any long range hunting, I'm assuming you're going to put something up to at least a 14 power... maybe higher. i have a VX3 6.5-20X50. That coupled with a bipod, my rifle is prob in the 12 pound range. Plenty heavy for stable shots and recoil reduction. Especially with the break.
Couple things I should mention... I'm not super impressed with the out of the box accuracy. I did the barrel break in, according to Savage and the rifle probably has about 250-300 rounds down the barrel. I usually clean the bore every 50 rounds. I shoot 185gr Berger VLDs pushing about 3000fps. 100 yd groups aren't bad... but I was hoping for slightly better. But with that being said, I've had no problems killing steel out to 1000yds. Rifle has two kills on it, both antelope. one at 350 yards and one at 500 yards. Both good clean kills. So, it has gotten the job done so far. Taking it to WY at the end of the month for antelope and deer, so I'll have a better evaluation of it by mid October.
Also... The muzzle break is terribly loud for some reason. I also have a Rem Sendero in .300WM with a break. That factory break on the Savage is really rough on the ears. I know this doesn't matter much at the range, but if you don't wear any ear protection in the field, be prepared.