Forgive me for saying this, because I'm no Jack O'Connor fanboy, but... once you've neutered a 7mm Mauser or 7x64 by making a 7-08 and throttling down to 140gr bullets or less, might as well just go get a .270 winchester, shoot a .277" bullet, and call it a day.
Americanization of metric calibers has always trended towards the lackluster. A beautiful 6.5x55 becomes a lame .260. A great 7x57 becomes a lethargic 7-08. A 9.3x62 becomes a 358 winchester.
EVEN if the metric-euro calibers were worse (they're not) than the American knock-offs, one problem still remains. 99.99% of American caliber 7mm guns are ugly as sin, whereas many of the european metric guns are exhibition quality. Ironically, sometimes for the same exact price as the american model too!
There's no forgiving close-mindedness restricting the 7mm-08 caliber in a rifle with 1:10 inches twist rate barrel to projectiles of 140 grains or less.
Consider the simple Norma 7mm-08 factory smmo loaded with 156 grain Oryx (BC 0.330) at published muzzle velocity of 2725 feet per second, exceeding the same projectile in Norma 7X57mm factory ammo published muzzle velocity of 2660 feet per second, and 160 grain Tipstrike (BC 0.51) projectiles at a published muzzle velocity of 2690 feet per second, if nothing in my prior posts on stability calculations showing the 160 grain Accubond (BC 0.531) at published muzzle velocity of 2690 feet per second loaded by Reed's Ammunition and Tesearc, being about the upper limit of the 7mm-08 cartridge and 1:10 inch barrel twist has no validity from your perspective.
Norma clearly doesn't fit within your narrow worldview of Americanization of European metric calibers any more than I, an American, do.
As I posted earlier I'll test some custom loaded 7mm-08 catridges in 140 grain Speer Trophy Bonded Bear Claw as well, to compare with Federal factory 7mm-08 ammo loaded with the 140 grain Trophy Bonded Tip projectiles that have favorable reports regarding effectiveness on North American elk posted on the internet, for whatever that might be worth. I think the 160 grain Acvubond load will work fine, but if not, I'll try some 160 grain Speer Grand Slam (Mark 2) and 160 grain Speer Trophy Bonded Bear Claw projectiles in custom 7mm-08 loads.
Norma 170 grain Oryx and Speer 170 grain Trophy Bonded Bear Claw projectiles may intrude too much in 7mm-08 case capacity for me, or may not, since my 7mm-08 rifle has a Zastava action. It might accomodate some 7mm-08 cartridge OAL loadings with those projectiles a true "short action" receiver and magazine would not. But I'll probably never find out.
Because 7mm cartridges loaded with 7mm projectiles both loaded with 160 grain and up projectiles, as well as the Federal 7mm 155 grain TLR Edge projectile (BC 0.61) are intended for my 7X64mm rifles with 1:8.7 inches rifling twist.
I'm seriously considering selling my 7X57mm rifles at this point. Not any rational cause for haste without seeing what my other efforts' results will be, and not a make-or-break thing for this open minded American in any event.
I'm nobody's fanboy, I'm just not a dramatic individual. I have a great dispassionate respect for both empirical results and mathematical models within their envelope of validity, and I have a long history of performance reviews ranking me at the top in the dimension (skill, talent, whatever) labeled Critical Thinking.