I like the 6.5cm and love how my Modern Hunter is performing with it. The problem I see with it in an M14/M1A is that in order for the cartridge to really show it's superiority over a 308 it needs to be shot at 1000 yards and to make an M14/M1A accurate enough to make it worth while it would need a lot of work done to it which means lot's of money. In a 2-3 moa rifle you're just kinda spinning your wheels.
My buddy has a custom built bolt gun in 6.5cm and he's printing 1/4 moa groups at 400+ yards, that's the kind of rifle you need for the 6.5. Even my MH has so far only shown me groups around 1 moa which I think is great for a semi auto but really isn't doing the cartridge justice. I will continue with more load development this spring and try some better projectiles but doubt I'll ever see anything like buddy's bolt gun.
I'm considering selling my 300win rifle to build a 6.5cm since trajectory is very similar with much less recoil and way less powder burned per round.
Some rifles aren't really suited to the latest greatest wonder cartridge and I think the M14/M1A is one of those cases, unless of course you're willing to spend big money on the rifle. The biggest problem will be the factory barrel, there's only so much you can do with one and finding a good aftermarket barrel for the rifle in 6.5 is probably not an easy task.
An 18.5" 6.5 Creedmoor would handily outperform a 22" .308Win
I wouldn't go less than 20 inch, it's a long range cartridge and you need the muzzle velocity to carry it out past 1000 yards, otherwise you may as well just save a bunch of money and keep shooting 308.
But yes, I think an 18.5" 6.5 would still outperform a 22" 308, just maybe not by enough to make it worth the trouble.