I have a 6-06 which is pretty much the same case capacity. (splitting hairs) I use 70gr Nosler ballistic tips for PD's, 88gr Berger FB HIGH BC Varmints for yote and 95gr Berger VLD's for deer an goats. It is more rifle then these animals will ever need. It wears a 1:10 krieger. I stay away form ballistic tips for anything but ground dwelling critters. I have had them blow up on the shoulders of coyotes in my .223AI The 70gr Nosler @ 3800 FPS sends those PD's into the air in chunks.
Good choice in a 500 yard gun.
Jon