The 308 case is capable of good performance depending on how you care to apply, and configure it.. AR 18" barrel 200 gr SMK 2673 fps...or 225 gr ELDM at 2477 fps .. mag feed slows it down 208 gr 2500 fps, 168 Berger 2800 fps. 2825 with 150 gr gold dot... I don't usually shoot light 150 gr bullets in 308, for lack of BC. ..All in 18" AR... I have a modified AR to feed 2.940" to 2.960" cartridges depending on the modified mag brand, to go with the modified reciever.
Bump it up to a long action bolt gun, long barrel, bi metal hybrid cases for magnum like velocities 200 gr SMK are now 2952 fps, and 225 ELD-M 2719 fps, its what's possible from a 308 case. Even have some 250 Atips to try,... as I was already running 2620 fps for the 230 Atips in Lapua brass cases. The hybrid cases allows for more velocity, some of these loads are over 3700 ft/ lbs of muzzle energy out of the 308 case I have experimented extensively with the 308 case. And the Bimetal cases have given my 6.5 Creedmoor a new lease on life, as I was done with that caliber, as it couldn't keep up with my 308 heavy bullets...now its got a new lease on life, and settled on a performance load for the hybrid cases running 153 Arips at 2956 fps, 150 SMK 2980 fps, and 147 at 2979 fps average velocity and grouping...big improvement over factory 2700 fps area, loads. It takes alot of time, expense, and effort to experiment with components, altering firearms, testing available powders, and a machine shop to do the alterations, action, barrels, chambering, throating.
It's easier for the average guy to just by a magnum in that caliber...but I already have the 300 RUM and it's heavily altered too, so it can feed 4.00" cartridges...so it's high velocity with 250 Atips.
Right now I'm working on a high velocity load for a 358 Win in a 16" AR ! A "bunny load" as a friend described so he's gonna see my version of a bunny load. Question...Is it possible to reach 4000 fps with a 358 Winchester in a 16" AR? For 30 yard jackrabbit, type accuracy, with expendable LC brass.