Have been playing with a 7mm wildcat made on an 8x68s case. Finally got the cartridge design about right(after a couple reamers) and it seems just about right for me. I am shooting 78 gr. RL 33 in front of 180 Berger hybrid, 215 federal primer. Shot 2 5 shot groups yesterday both in the .2s and the velocity averaged 3110. It probably isn't worth the time and money I have put into it but has been fun just the same. I like the RWS brass too. Many good 7s out there and here is another.
I though that too, and everything I can find now shows the same, but while using my wildcat software that has a catalog of SAAMI spec drawings, it shows the .300 Wby (or maybe another cartridge that uses the .300 H&H as a parent case) with a slightly larger diameter base, than other cartridges based on the H&H. I'll have to do some digging tomorrow to find out what it was showing.The base of the 7STW and 300 Weatherby are the same. They are both belted magnums. The 8x68 is just under belt size .525 at the base of the case and the case head size is .511 instead of .532 for a belted magnum. Belted magnums are .513 ahead of the belt.
No it doesn't require a magnum action, but since it's an odd (for the USA) medium case head due to dimension a gunsmith would have to open the bolt head slightly. Best would be to acquire an action for the caliber and then construct the wildcat of your choice. I would strongly recommend to reduce case taper and give it a modern shoulder of 30* (benchrest). Would be then most likely a 7,62×66, but with even more power and much easier on the shoulder. Never understood that RWS made no efforts of modernizing cartridges like the 6,5x68 or 8x68S.8x68s is an fascinating cartridge. Anyone have a 7.62x68s ? Does it rerequire a magnum action?