I've had pretty good luck with my 21" 7mm TCU so far, but I haven't actually taken it hunting yet. I put the gun together for my girlfriend to hunt with, as there is hardly any recoil.
As you know, the best thing about the TCU cartridges is the abundance of .223 brass. I would stay away from military brass, and stick with standard Winchester or Remington brass. I've used H335, H322, BL(C)-2, and RL-7 with 120gr bullets. The highest velocity has been with RL-7, around 2350fps before pressure got a little hot. I just bought a couple pounds of Vihta Vhouri N-133 and IMR4895 to try, and hopefully I can get a good accurate group at 2400fps. I really haven't pushed velocities much, as I have spent most of my time forming brass. Hower, that will soon change as I have plenty of formed brass to start loading.
As far as bullets, the best hunting bullet for 7mm TCU velocities are the 120gr Nosler BT and the Sierra 120gr spitzer. The Nosler has been more accurate out of my gun, and I've gotten some excellent groups with 140gr BTHP's. Of course, the 140's were all fireforming loads, but they were still pretty accurate.
My next TCU will be a 24" 6mm TCU, which will be my coyote/fun gun. You can safely load 58gr bullets to over 3000fps, and it should be a good cartridge out to 300 yards on varmints.