Frank O
I've got a 700 mtn. LSS in 7mm-08 and love it. You might want to consider a scope with a bullet drop compensating reticle. I've got a Burris FullFiled II 3-9 x 40 on mine. They have excellent light gathering capability, great clarity and can be had for about $200. If you're a Leupold fan, their bullet drop compensating reticle is called the "Boon & Crocket", but before you spend the extra $ on the Leupold, check out the Burris...you might just be surprised at what you can get for $200.
With these reticles you sight in dead on at 100 Yds and then you have additional aim points for 200, 300, 400 yds etc. I've got two hunting loads worked up. A 145 Grn Speer HotCor and a 154 Grn Hornady RN. The Burris is sighted in for the 145 Grn HotCor's and with the additional aim points it's dead on at 100, 200 & 300 Yds. With the 154 RN, without changing the sighting, it's dead on at 100 Yds, 1" low at 200 Yds and 2" low at 300 Yds.
Here is a pic of the Ballistic Plex Reticle.
firstshot
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