Your scope spec sheet says it has 43 MOA of vertical elevation available, so divide by two and you would have 21.5 MOA of downward elevation adjustment. The scope must have slightly less than that in actuality, because instead of being about 1/2" inch high, it's 2" high.
If you're not using turrets to dial your firing solution and instead you are using the reticle to make holdovers, you don't need the extra elevation adjustment afforded by the 20 MOA base. In that case, your zero will be where the gun always shoots.
In short, yes a 0 MOA base solves your problem. Just to be sure, your scope has traditional low profile hunting turrets, and not the adjustable kind you see on tactical scopes, right?
If your scope has the low pro turrets and you substitute one of those for a tactical style one, you might find it doesn't track great when dialing elevation in and out, repeatedly. The erector assembly (the guts) is often not designed for repeated input on hunting scopes.
7mag is pretty flat shooting and you may be best off with a 0 MOA base, and inputting your holdover only with the reticle.