My Boy was using the Rem. 308 reduced recoil loads last year when a bunch of deer came down off the top of the hill and on to the bench in front of us. The gun was a Rem. 600 with a 4x leupold scope sighted in 1 1/2 inches high at 100 yrds. He took the shot aiming about 3 inches higher than normal. He put the bullet in the heart and droped a doe in her tracks at 300 yrds. The 30-06 uses the same bullet so I say YES!
BTW That was on Brians 13th birthday, that boy can shoot!

Another though. In the past, I had a friend that hand loaded for me. He got me away from the shoulder busting 180 grain bullets and into the 130's. I have shot a lot of deer with a lot of different 130 grain bullets form 15 to 400 yards and have never had to track any of them more that 30 yards if at all. Most went down in their tracks.