Cut it back to 22" and lose 1lb. Replace that scope and save another 1lb.
Go to a standard magnum contour and an actual hunting scope and an actual hunting stock and save about 3.5lb.
Cutting 4" of barrel off a Sendero will not lose 1#. And will cost you about 100+fps in MV.
What is an "actual hunting scope"? All of my rifles are "actual hunting rifles" and wear high end scopes. Be it a S&B, Premier, Kahles, TT, or March. So that makes them "actual hunting scopes", right?
There are several ways to lighten up that R700 Sendero and not lose performance (that is key in my opinion).
Proof Research Sendero or Sendero Light contour @ 26" or any quality steel barrel in #3, 3b, 4 countour. You can even flute it for a few ounces more weight savings. 12-16+oz.
Manners EH series or McMillan Edge stock of your choice will shave 12-16oz. You could even do one in ADL configuration to shave another ounce or two.
Flute the bolt will shave 1oz.
Carbon fiber bolt knob will shave 1oz.
Skeltonize bolt handle will shave 1oz
Alloy bolt shroud will shave 1.5oz
TI firing pin and Wolfe Blitzshnell spring will shave .25oz (not even worth it in weight, but seems to help accuracy in my rifle a touch)
Alloy Picatinny vs steel Picatinny will save 3oz
Alloy rings vs steel will save 2oz
A scope change can save 14-20oz depending on swap. But if you want the same type of scope as the XTRII (FFP, reticle w. Subtensions, illumination, 50mm objective, turrets, etc.), more likely in the 6-13oz range if you have the budget for a March (24.4oz) Vortex AMG(28.8oz), or TT315M (27.7oz) range.
My .280AI is similar.
R700 LA BDL (alloy BDL)
Fluted bolt w. CF knob, alloy shroud, TI firing pin
26" Proof Sendero Light
Hawkins 3 port brake
Manners EH1
Shilen match trigger
Seekins alloy 20MOA Picatinny rail
Seekins alloy 30mm medium rings
March F 3-24×52
Flatline Ops level
All in weighs 8lbs 13oz. Bare rifle was 6lbs 12oz.
Could have saved a few more ounces by going Talley lightweight rings, but every rifle I own has Seekins 20MOA base and Seekins rings. I like to have the ability to quickly swap scopes if the need arises on a hunt. Could have done a lighter scope too. But a SFP Leupold with no illumination has no appeal to me. All my scopes are similar in features and feel. Makes using them all easier. And high end glass seem to weigh a bit more.
Someday, I might just build a true lightweight. But for now, sub-9# is plenty lightweight for me.