I shoot NRA Silhouette competition and in the late 80's we used the 308, it was the most commom cartridge used in this competition at the time, and then the 7mm-08 came along.
With the 308 we used the 168gr. Sierra MK, but the metal Rams at 500m sometimes did not fall down after you hit them, the bullet did not have enough speed and trajectory to knock them down.
So we tried the 168 gr Sierra MK with the 7mm-08 and it worked better, it got to the 500m target with a better trajectory, it still left less rams standing but less then the 308.
A few years latter my dad and I came up with the idea of using the 150gr Sierra MK on the 7mm-08 and Oh boy, no more rams stood standing after that. A couple friends tried the 150gr on the 308 and it did not work as good as the 7mm-08. The 7mm-08 shots flatter so the bullet has a more direct impact on the silhouette and not so much in an angle as with the 308.
Since then I am a true fan of the 7mm caliber. To this day I still use the 150gr Sierra MK, been thinking about trying the 160gr TMK or the 162gr ELDM, with the higher BC's they might work good. But why fix something that is not broken.