To get back on topic this is a portion of an article from guns and ammo, Take from It what you will. I don't think the .300wsm is the best as a "Precision" round or caliber, due to Its limitations over the .300win mag. This being said it comes down to how far do you want to take this round. If you are going 800 + yrds in my opinion you are far better off with the .300 win mag.
The .300 Winchester Short Magnum has been with us for about three years now. In that time hundreds of thousands of words of copy have filled gun and hunting magazines to the brim. Guns & Ammo published its first set of loads for the .300 WSM in December 2001.
At that time I said that it was going to take three or four years to determine if the cartridge was going to be popular. As of the time of this writing, the factory cartridge listings show four loadings from Winchester: a 150-grain and 180-grain Ballistic Silvertip at 3,300 fps and 3,010, respectively; a 180-grain Fail Safe at 2,970 fps; and a 180-grain Power-Point at 2,970. Federal Cartridge Company also offers several options in this caliber.
But I haven't heard of many shooters throwing away their .300 Winchester Mags or, for that matter, their .30-06s to go out and buy a .300 WSM, though that doesn't mean a few haven't made the switch. Still, it's early, and I think the jury has yet to return a verdict on the ultimate popularity of this cartridge. That isn't because the .300 WSM doesn't perform well but rather that its performance falls too closely between two other excellent calibers.
The light and heavy bullets are included here mostly to show the .300 WSM's performance limits. These loads were carefully selected to avoid duplicating the loads developed when I first covered the .300 WSM. One thing worth noting is that simply changing the brand of bullet sometimes makes a significant difference in what constitutes a maximum load. So take a warning from that.
BULLET AVAILABILITY
Barnes 110-gr., 125-gr., 140-gr., 150-gr., 165-gr., 180-gr., 200-gr., 220-gr.*, 250-gr.*
Hornady 110-gr., 130-gr., 150-gr., 165-gr., 168-gr., 180-gr., 190-gr*., 220-gr.*
Nosler 125-gr., 150-gr., 165-gr., 180-gr., 200-gr.*, 220-gr*.
Sierra 110-gr., 125-gr., 150-gr., 155-gr., 165-gr., 168-gr., 175-gr., 180-gr., 190-gr.*, 200-gr.*, 220-gr.*, 240-gr.*
Speer 100-gr., 110-gr., 125-gr., 130-gr., 150-gr., 165-gr., 168-gr., 180-gr., 200-gr.*
Swift 150-gr., 165-gr., 180-gr., 200-gr*
*These bullets are not especially suitable for the .300 WSM
In order to allow the .300 WSM to fit into .308-length actions, the overall length needs to be no more than 2.810 inches. That creates a couple of problems for the handloader. The first of these is that with bullets at the heavy end of the list--the 220 grainers, for instance--you have to push the bullet deeply into the case, which uses up a bunch of internal volume and severely restricts potential performance. Bullets weighing more than 180 grains aren't a particularly good choice in the .300 WSM except for some very special-purpose loads.
The second problem with the short configuration is that the cannelure grooves on a number of bullet designs are too far back on the bullet to match up with the mouth of the .300 WSM case. If you want to use a cannelured bullet, you can go ahead and seat the bullet to the OAL and simply treat it as an uncannelured bullet. Or you could trim a little off the case mouth so that the case mouth and cannelure match up when the overall length is correct. But I don't think that's a very good idea when dealing with a neck that's short to begin with.