Chupathingy: Nope, not so. The first 8mm ever produced and manufactured throughout WWI used a .318 bore and I believe is marekd as the 8x57mm J cartridge. The Germans changed that to a .323 diameter bore a bit later and designated it the JS cartridge. Your M48 fires the .323 cartridge and any 8mm Mauser/7.92x57mm Mauser JS round made with the .323 diameter bullet is safe for your rifle. Firing a 323 bullet down a .318 bore is neither recommended or suggested, and accuracy is terrible.
American made 8mm Mauser ammo is not worth spit, or the $ the US ammo makers think it's worth. It is underpowered and runs somewhere in the 30-30/32 Special power range. Sellier and Bellot, PRVI and Norma all make 8mm (7.92x57mm) JS Mauser ammo to original European specifications, in .323 bore, which puts it right at or better than 30-06 loads (I have never seen any factory 30-06 loads pushing a 200 gn slug to 2500'/sec). I believe that the .318 diameter 8mm J ammo is still manufactured in Europe but the ammo I recommend and use is the Sellier and Bellot 8x57mm JS.
My M48A loves the Sellier and Bellot ammo, so does my Husquavarna 98 Mauser in 8mm and so do I. I cannot handload the 8mm to shoot more accurately than the Sellier and Bellot ammo nor can I handload for my 6.5mm Swede to shoot more accurately than the Sellier and Bellot 6.5 Swede ammo shoots from my sporterized M38 mil-surp. It's just great stuff.
Sometimes Cheaper'n Dirt or Sportsmans Guide carries good deals on bulk 8mm ammo from Sellier and Bellot. If you plan to hunt with it (which the rifle is excellent for), the S&B 196 gn cutted edge soft point is simply a excellent hunting round. If you are just going to shoot mil-spec then the S&B 196 gn fmj would be my choice. HTH.