I use 49 grains of W760 or the same of H414 with 139 grain bullets of all types.
I have two Remington rifles chambered for the 7-08. A 700 SA with a 22 in bbl and a Mod 7 with a take off Rem SA 22 in bbl.
Both shoot better than most can hold and even with the ttxz 120 grain bullets will hold consistently into a minute of angle, right out to 350 yards, which is as far as I've shot them.
With the load I mentioned, both of those rifles produce 2850, +-20 fps.
My main reason for using the ball powders is simply because it meters so well. I load a couple of hundred rounds of 7-08 per year, about 25% of that is for myself and the rest is for my grandson, who has a Rem 700 SA SS, in a McMillan stock, with a trued action and custom 23 in bbl. He's 16 and it's one of his pride and joys. He's very recoil shy and has taken a half dozen Deer with the rifle.
It has less recoil than a 30-06 but not significantly less when loaded to its full potential.
I started my grandson out on 120 ttsx to reduce felt recoil and now he shoots the ttsx 140s.
With good 140 grain bullets, the 7-08 is easily the equivalent of the 30-06 and 165 grain bullets, when it comes to penetration/expansion/retention of weight. Once you start loading 140 grain bullets to their full potential recoil difference become negligible.
Let me give you an example.
Back in the day, most magazine articles referred to the 7x57 as a "MILD" shooting cartridge. Well, for the most part, loaded with North American manufactured ammunition, they were right.
They were right up until surplus Brazilian 7x57 Mauser ammo hit the markets. This stuff was loaded with an unknown ball powder, which was almost identical to H414, 139 grain, SPBT, FMJ bullets and it generated 2900 fps from their M1908 and M1935, 98 type Mausers. All of this in Eqatorial heat.
This load sounds hot but the pressures generated were fairly low and considered to be safe in their old Mod 95 Mausers. A 49 grain load of W760 generates appx 40,000 CUP, according to the Lyman manuals and one of the test rifles was an M95 Mauser.
Sorry for getting off topic. I just wanted to make you aware that recoil is a symptom of pressure behind equivalent weight for diameter bullets. (Likely you already know this)