I know you wanna shoot Elk, but you haven't made suggestions on WHAT bullets you intend to use.
IMHO, the choice between these 2 cases all boils down to bullet choice.
My mate has a WSM, I have several 300WM's, a 300 Bee and a 300 RUM.
They all use different bullet weights.
If I were going to use 180g bullets exclusively, then the WSM is fine for that, it only gives up a 100fps or so to the WM.
If I planned on using 200g bullets, then the WM will handle that better, more capacity, therefore higher velocities.
My mate uses 165g Barnes TTSX in his WSM, funny thing is, this is the only ammo I could get for my 300 RUM. Have fires 3 shots sighting the rifle in so far, it boots quite a bit!
As to brass availability, here in Australia at present, WSM brass is on the shelves, Norma, Remington and Winchester are all in stock, however WM brass is no where to be seen, as is Weatherby or RUM.
We had no brass in stock other than 30-06 for a very long time starting in 2017. It is only the last 2 years that most cartridge cases are back in stock and now we get another lack of stock.
Anyway, the 300WM will most likely always be in stock somewhere.
Cheers.