Component quality, cost and availability favors the 375 Ruger, NOT the 338 Lapua. It seems that everyone is forgetting that 375 Ruger is the parent case for 300 PRC. Multiple premium brass manufacturers, including Lapua, make 300 PRC brass. If I owned a 375 Ruger, I would be necking up and fire forming premium 300 PRC brass, rather than using Hornady 375 Ruger brass. Premium 300 PRC brass is significantly less expensive than 338 Lapua brass.
Additional advantages of 375 Ruger:
- Fits in any standard length (3.4"+) action with a magnum bolt face and retains standard magazine capacity.
- Does not require a true magnum length action or the larger tenon diameter required to accommodate Rigby sized cartridges.
- Works well with a broader range of faster burn rate powders than the Lapua.
- Requires less barrel length than the 338 Lapua to reach maximum performance.
- Is a more versatile cartridge than 338 Lapua.
The main challenge for the 375 Ruger is going to be bullet selection. Most 375 bullets have thicker jackets, made for safari use, that are less than ideal for most North American game. There are exceptions. Careful shopping is required.
As for long range loadings, bullets such as the Cutting Edge Lazer can be safely loaded to high enough velocity to significantly narrow the ballistic gap with the 338 Lapua.
With conventional bullets, the 338 Lapua won't show a tangible advantage inside 400 yards. With the right bullets and single loading, the long range performance gap between 375 Ruger and 338 Lapua is much smaller than most people think it is.
For the person who already owns a 375 Ruger, optimizing what you have is a better choice than switching to the 338 Lapua. That is, unless you just want something new and different.