If I want a semi, the .223/5.56 cartridge provides the performance I need, and the AR package manipulates it to my complete satisfaction.
For a .30 in a small cartridge format, I like the 7.62x39 in all but one of its aspects, mainly its case taper; it has too much for convenient incorporation in the AR package. The 7.62x39 is widely available, but the common x39 platforms are generally woeful in term s of accuracy, and yes, the bullets don't serve it well.
But when we select a better bullet and drive it from a decent barrel, it's an entirely different animal. A lighter weight, properly constructed .308" diameter bullet, in a .308 diameter bore and a bolt action really bring out the cartridge's accuracy potential.
I have tested Hornady 110gr V-Max in a Savage 10FCP 7.62x39 Scout rifle, and seen under 1" 100yd groups in preliminary testing. The barrel incorporates a choke/throat to swage larger than .308 bullets to fit the bore, resulting in a considerable jump to the rifling. To accommodate this, I have loaded the longer Hornady 110gr GMX bullets at a COAL of 2.440". This COAL will feed from the Savage magazine, and the bullet retention still reaches to the bottom of the neck. The powder charge is the Hornady IMR-4198 listed max for the 110gr bullet range, which is mildly compressed at the selected COAL The brass is Hornady, which uses the Small Rifle primer, and I have seated CCI BR-4's for testing.
These are the rounds that await accuracy testing over the next week or two. I have no idea how they will shoot, but I have some considerable hopes.
A good friend is trying to get me enthused about the .300BO. I respect him, and pay attention when he extols the 300BO. We are both in the preliminary stages of refining our handloads. Soon, I believe we can make a meaningful comparison.
Greg