Any single standard will be a compromise.
Is it just me or is a lot of the 5.56 wounding capability really a critique of ball ammunition?
5.56 is pretty good to blast away at short range with large volumes of light projectiles to keep them pinned while you set up your secondary attack. It's a pretty good solution for that situation.
Air strike, artillery, GPMG, mortars, grenades, grenade launchers, armour etc.
If you want to have the ideal weapon for the situation, that's what special forces are for, it just isn't reasonable to train every soldier and have a 9mm submachinegun, and .338 lapua rifle and then supply all those different guns and ammuntion for them.
Interesting that they're simultaneously debating getting rid of the M249 because it is too big and buly for short range engagements, yet they want something bigger than 5.56 for longer range effectiveness.
I am also not sure which would be more effective at containing the enemy at 300-600m I don't think a low volume 7.62 fire is much more effective than high volumes of 5.56. I wouldn't stand in front of either, and I'd place my odds of avoiding bullets on their number, not their size.
I would expect that bigger bullets sound scarrier, but being in front of full auto, even 5.56 isn't the most comforting situation either.