Sorry b6graham, I should have maybe been more specific, My 6.5x284 runs 143 ELD-X at 2745fps with 48.5gn N160 from a 21" 1:8 twist. The 7-08 should run the 150gn ELD-X at 2700fps with N540 (I'll know more after a trip to the range today)..
The point being is that for a similar speed and a similar weight, the 6.5s just do so much better. I compared a 162 ELD-X out of my 7x64 with a MV of 2650 versus a 6.5 143 ELD-X at 2745 and the windage at 1000 was within a gnats cock.
My conclusion (and its just my thoughts) is that unless you can launch those bigger 7mm bullets up around 2800-3000, theres not a whole heap to be gained out of the 140-147gn 6.5 bullets launched 2700-2900.
And my 2p ( or 2 cents for you guys) to the OP.. i love my 7-08, seriously accurate gun and easy to load for out to 800. definitely better than the .308 but if i had my time again (and don't let my 7-08 hear this!!), I'd have gone .260 or even the .260 ackley.
If i was hell-bent on shooting 7mm bullets, I'd be going into a long action with .284 win, .280, 7RM..