"Efficient" is one of the words that gets bandied about, and has no meaning without specific context. Efficient in what way? Brass/Volume? Length/Volume? Pressure/Volume? Manufacturing speed? Powder/Velocity?
I'm not familiar with the round, but is it not a necked-down rimmed 7.62x54? If so, it's hardly a new (or even modern) case design -- so, I'd be suspicious of claims that it is somehow superior to the large number of more recent designs (it's possible, but hardly to be taken at face value without evidence).
I think many benchrest shooters are shifting to the newer "short/fat" case designs, and have seen some good technical arguments (much of which went over my head) about why.