.308/7.62 is the opposite of .223/5.56. Commercial 308 hunting ammo will be hotter than 7.62x51 Nato ammo. 308 is 60,000psi while 7.62 Nato is 50,000psi, although they measure the pressure differently (copper crush washer vs pressure transducer). The head space is also different between the two along with internal case capacity (7.62 has thicker brass meaning less internal volume). 7.62 Nato can be safely fired from any 308 chamber. If using 308 in a 7.62 Nato gun, make sure you check the headspace first. Further, the pressure curve for 308 may not agree with the gas system on some semi Autos like the M1, this can cause anything from accelerated wear of the moving parts to failure to cycle properly or even catastrophic failure of the firearm in extreme cases. The Norc M305 copies "should" be able to digest either or, but still check your headspace if you plan on using 308 hunting ammo regularly.
Stand by for CGN corrections