I`d go with a 7mm, maybe not the Ultra Mag, but a 7mm STW, that to me is the finest factory round ever devised. They are extremely accurate, and available in Sako, Remington, Browning, (cough) and a few others. :D
The 7 has it over the 30 to me due the higher BC`s in the good weights for deer. If you look at Berger or JLK`s site where BC`s are listed, the 7`s are the highest listed. I`d not shoot anything heavier in the 300 WSM than a 180, due the length of the heavier bullets robbing powder space.
A 7 STW pushing a nice slippery 140 Accubond at over 3400 fps is a very flat shooting ride, with the accuracy makes distant shots very doable.
The crazed rifle loony I am, I decided to raise the bar and came up with a wildcat based off the 338RUM, which is a .090" shorter case than its parent and had 2 reamers made, one necked to 7 and the other 30. I sent a case with a 140 grain where it will fit in the Remington facory magazine.
I am getting 3650+ with the 140 Accubond. I just the other day got out the Stoney Point modified case and checked the rifle out for the Hornady 162 A-Max and it is looking great. The bearing surface of the bullet is right at the neck/shoulder of the brass.
I`m thinking RL25 or H1000 may just be the stuff to get this bullet to the 3400+ area. I`ll have to check the charts to see how the trajectory is affected with the .625 BC to the 600 yd mark.