drdougrx, For several years I fooled with a .338 win. as did a couple of my pals..It was not what we wanted for this type of country...A few years ago, my shooting partner took one of the 26 in barrels in .338 I had taken off and put it on a 700 action...He loves it as an moose, elk and big mule deer round...I thought of getting a .340 several times, but never bought a barrel...One day he told me to get an action because he ordered me a Douglas blank for a 340..So far I have taken 3 elk with it..It is a sure enough elk killer...I like its flatter traj. for this country...So far I have used 200 grain Acc.bonds, 210 grain Nosler Part.(Hagels favorite) and a 225 grain Acc.Bond..I have 225 Part. loaded, but haven't tried them for lack of time on game...I looked up Hagels loads for the 340..His only 23 1/2" barrel and NO FREEBORE.. With this short barrel he could get 2900 fps out of a 250 grain, 3025 out of a 225, and 3200 out of a 210, with a longer barrel, a bit more speed maybe obtained...But his loads were MAX> LOADS.... So the Ultra, and .338/378 have an edge on the .340...When it warms up some, I may crony the loads in my .340 it has I believe a 27 inch barrel on it.....Like you I need it like a hole in the head, but should I ever get a chance for brown bear, it would be the one I would take..I don't see it as a better elk killer than my .300's, but as Hagel pointed out with the larger bullet, it does tear up more vital machinery in game...While I don't use my .340 every year, it is one that I would not want to get rid of as long as I were hunting game larger than deer....When one talks of killing elk, it is very possible to kill elk with a 257 Roberts or .22-250, but another question is how far will the game travel after taking a hit, and how many are lost due to marginal hits...We are treated to stories of little guns killing big game, but seldom do the small caliber guys tell us when their little guns crippled something to get off and die later...Where I am hunting elk now, if I can put the game down with in 50 yards of the shot, I have a rather easy time getting it dress and moved to camp, if it makes it off much farther it is a matter of cutting, quartering, etc...So I usually shot a heavy rifle and aim carefully.....