Mine is the steel Jap model in .358. It does feel a tad light on the fore end but I'm not troubled by it.
Everyone says the .308 is a good hunting cartridge. I've shot a few deer with the .308 as well as my .358 and they both work fine. In my limited experience, the .358 is more likely to make deer DRT when they get hit. Doesn't mean the .308 can't do it, just my experience that the .358 does it more often. I wouldn't hesitate for a moment to hunt elk with a .308 Win. if it was the biggest gun I had access to.
Your experience may vary.