I own a .264 Win Mag and love it dearly. I believe that the .264 WM languished for so long, in part, because it was overbore enough that the powders necessary to take full advantage of its capacity did not exist for a long time. I believe it owes its recent renaissance to the introduction of improved powders and bullets.
That said, even the .264 WM is still overbore enough that it can be equalled or bettered in a lower capacity case of proper design.
When the 26 Nosler first came out, I remember being surprised to see reviews mentioning pressure excursions resulting from its extreme level of overbore. I believe the 26 Nosler is in the same position the .264 WM was in not so long ago: It is waiting for powder technology to catch up, in order to reach its full potential.
From a standard bolt face, the Sherman wildcats offer .264 WM performance, plus a little bit. If I were starting from a clean sheet of paper, that is the direction I would go.
Of course, the .264 WM is an easy route to 6.5 performance, though inefficient. I have often thought that I wouldn't personally want to go more overbore than that in a 6.5, though.