I have a lightweight all-weather stalking rifle, a Savage 16 Lightweight Hunter. 7mm-08 is a good caliber with reasonable recoil. It doesn't need to be terribly accurate, and it doesn't need a high ballistic coefficient, because I won't be using it at long ranges.
Update: Winchester has released a new powder, StaBALL 6.5, that seems like it would be great for this caliber. A ball powder that is temperature insensitive, increased velocities, and low standard deviation. I definitely need to try it. Looking at velocities, I'm starting to think that 120 gr. is too light (too fast).
My primary intent for this cartridge is deer hunting. An ideal bullet weight is 140 grains or less, as I am trying to keep the recoil down. I don't need to make any effort to get close to the maximum charge or velocity.
I think I'll probably start with H4985.
Sierra 120 gr. Pro-Hunter – These touch the lands at approximately 2.765" COAL. For testing, I will back 0.025" off of that, for a 2.740" COAL.
Sierra 150 gr. Pro-Hunter – These were a Grafs special, and they are no longer offered by Sierra. However, it is encouraging to know that the ogive is such that they touch the lands at approximately 2.775" COAL. It might be worth trying the 140 gr. GameKing or Pro-Hunter (or TGK!) if I can't get good accuracy from the Hornady bullet. There's also the 120 gr. Pro-Hunter, which would be even lower recoil, and who needs a boat tail at short ranges?