I have a Rem 700 in 7mm Rem Mag. Standard wood stocked BDL model. I tuned the trigger, and floated the barrel. I use Federal cases, Rem 9.5M mag primers, and mostly IMR 4350 powder. I have gotten .25-.5 in groups with Hornady 100gr HP, Sierra 100gr HP, Nosler Ballistic Tips in 120gr, Hornady HPs of 120gr, and Sierra Game King 140gr BTSPs. Those are my tried and true combos.
I have some Hornady 162 BTSPs that I couldn't get to group, but retried them with some Retumbo powder and got .75in groups. I think it may do better. I will tinker with the load some, and try again. They did shoot close to .5 with some H4831, but it was a really low load.
My dad has a Sako, pre-Garcia model, in 7mm Rem Mag, that he won several gold medals in Intl. competition with. He got really good groups with Hornady 175gr soft points. His also shoots the 120hps really well. In his, we used Norma cases, IMR-4350 and R 9.5M primers. He is also shooting the Sierra Game King 140s really well, with the same combo of powder, case and primer.
You just have to experiment and burn a lot of powder to find the combo that YOUR rifle will shoot. My dads and mine won't shoot the same loads, either.