I think it depends on what you add to the gun. I don't have a 26" barrel so this may seem one sided . . . but, here's what my set up is and I find it about as heavy as I want to go.
T/C Encore SS Frame
T/C Encore SS 24" .223 barrel
Warne Maxima One-Piece Base
Warne Maxima Medium Rings
Boyd's Laminated Butstock and Forend
Bushnell Elite 4200 4-16X40mm
Add this all up and you've got a stout little rifle. Like I said, about as much as I care to carry around. What I'm getting at is try and look at what you're going to add to the total package to figure out if it ALL will be too heavey or not. Now, if I were to be hiking the hills out west I might opt for a fixed scope, aluminum base & rings, and synthetic stocks to bring the weight down, or heck go with the Encore handgun - that would solve the problem.
Of course, I just thought of something. The 7mm Mag barrel only comes in 26" factory configuration so you may be stuck unless you go with a custom tube. My opinion for what it's worth.
Ranger413