Hi
I have several reasons. First is that the 340 is a bolt action that has the same barrel nut setup that the more common series 10/110 rifles. By using the same parent case I can use the same magazine and while there is room only for 3 rounds, that is 3 more rounds than the NEF. Headspace gauges for rimmed cartridges are easy to make and while it may take longer to change barrels than the NEF, it will never have the lockup problems that the NEF is famous for. Yes I have had several including the target model. Just think, a bolt action 38-55 that actually has proper land and grove dimensions. 30-30 brass is also easy to get and form into many different calibers with a generous neck length that keeps the lube under the brass.
Just a few reasons
Paul