With all the long range match cartridges it comes down to two things:
1. Is the accuracy potential there?
2. Is it ballistically capable?
In the case of the 7mm (regardless of the cartridge used to hold the powder charge) the answers are:
1. Maybe.
2. You bet.
Even the 7mm08 will drive 162 grain bullets plenty fast enough to remain supersonic well beyond 1000 yards. So will the 7x57.
As far as accuracy capability is concerned, sub-moa is easy, sub-3/4 achievable, sub -1/2 possible if things work out well. This is also true of most cartridges usable for 1000 yd competition.
So, will the 7mm give you any kind of an edge? No. The only reason to shoot a 7mm is because you want to!
Years ago, the 7 was more highly regarded because people had barrel fouling problems with the 6.5's. These problems are less evident today for a couple of reasons. First, people are no longer trying to drive the bullets at 3200 fps for competition. Second, improved cleaning procedures and, perhaps, the use of moly-coated bullets.
Anyway, I've seen some good shooting 7mm's but don't see any advantage to them. They don't shoot any better than the lighter recoiling 6.5 and certainly not as well as the user friendly 6mm's. Regards, Bill.