7mm-08 is an underrated cartridge. Extremely accurate. The factory ammo available cripples it IMO. It will shoot those 160-170 class for sure, not sure on the bullets above that as far as velocity and twist rate. To wake it up though, you need to reload for that cartridge. As stated above, we got 160 accubonds 2664 FPS out of H4350 in a 22" barrel.
You are correct, the factory ammo for this cartridge does cripples it.