lcpaintballer,
Any 30.06 will go bang out of your M1! BUT, I would stongly recomend that you stay well away from most commercial .06 out there today. The M1 was designed to operate with specific pressures.The majority of modern 30.06 ammo has a burn rate too slow, and is complicated by a heavier bullit. Try as hard as you can to stay close to an M2 Ball clone! Use milsurp if you can get it, I know that it's a bit expensive up there but UMC and Federal made some good ammo. You might want to stay close to IMR 4895/ 4064 for a powder and a 150 to 175 grain bullit. If you don't you could damage your rifle and maybe yourself.
HTH,
rifle guy