Well I'd consider one that would get the most power out of the standard length Mauser action, but there comes a point where it isn't cost effective. If it's a wildcat, I'd have to wait till I got better set up for reloading.
Also, if it can't come close to the 8mm Rem Mag in power, it isn't really worth it. The ideal 8mm wildcat would be one with the rebated rim of the 284 Win and the length of a 30-06, that way it would need nothing besides a rechambering and feed lips alteration.