I also have a Lone Eagle in 7mm08. It is a nice pistol. Mine has the old grip design. I would love to find a new grip asmbly. The trigger pull is very long and heavy. I pollished the sear on mine and got it better. I hear the new grips asbly has a better trigger. I use mine for hunting deer at fairly close range so it does not bother me much.
You load the Lone Eagle buy first cocking it by pulling the cocking lever to the rear[ mounted on the left side of the frame], Put on the safty. Rotate the breach to the open possition, install cartridge, rotate breach to the clossed possition. It sounds complicated but only takes a second.
It does weighs more than a Contender but with it's mid grip design it is shorter than a contender with the same length barrel. It realy is a nice compact single shot. I also like the safty mounted next to the trigger nice and convenient.
If you do buy one make sure you buy every thing you want because they wont sell any thing sepperate. Magnum Research dropped the line so they are no longer being made so parts could be a problem in the future, but a goob gunsmith could probly make any thing that mite break. Hope this helps, Lone Eagle