I'd consider 1200 round barrel life excessive for a CF wrapped barrel too. For the CF price I could just chamber two featherweight contours. One for load development and playing, the other for "work" and swap between the two as required. I don't think I've seen any convincing data that supports the benefits of a CF wrapped barrel over a featherweight contour with regard to "hunting" applications. In something with better barrel life e.g. 7mm-08/.308/.338 Federal then some über expensive CF contour might be more worthwhile in the end. Personally, I just don't see the benefit of a CF barrel besides "cool" factor. I'd rather have another barrel and shoot/play more.
As far as a hunting cartridge, I don't think there are many animals in the western hemisphere that are that difficult to kill at the ranges I would consider to be "hunting" and not just "shooting." A 7mm Sherman should do well on big game, but so would a dozen other cartridges at practical ranges.
If you just want a CF contour chambered in 7mm Sherman, then go for it. It's just money and I'm happy to enable you.