Gary, You asked for a detailed answer but there is no need for that to answer your question. Either will do anything the other will do so always in that case get the factory chambering. I have as much experience as anyone comparing these two. I spent quite a bit of time back in the 90's when remington introduced the specs on the 300 ultramag developing the 338-300 ultramag cartridge and working with the throat dimentions for it. Put out some really good shooting rifles in that chambering and got it just right by the turn of the century. Then in 2001 Remington introduced the 338 rum and I put it through quite a bit of testing. At that point I felt there was no need continuing the 338-300 ultramag because these two do the exact same thing and fill the exact same niche. A great 338 cartridge based on an inexpensive standard mag action. For a guy who wants to spend the money on a custom rifle there are better choices for that but the ultra's are the best on a standard mag action. Bottom line there is no need to wildcat something when virtually the same thing is available over the counter. I haven't built a 338-300 ultra since 2000.