I hear nothing but good from owners of 7-08 guns. Sounds like a perfect choice to me.
The 7-08 can be loaded with fairly heavy bullets for larger game than deer, if need be.
Brass is easy to come by, bullets are plentiful, recoil is light. I doubt you'll need a heavy barrel. They are only necessary, if you plan on putting a lot of rounds through in a hurry. If that is the case you have the wrong rifle, in my opinion. singleshots are not real fast follow up shooters.
Standard contour in 7-08, and like was mentioned, use the diff to upgrade your scope.