My guess is they're still gonna shoot high. IIRC, military sights at they're lowest setting were set for a point blank range of something like 300 meters, maybe more. The thing was aim at your opponents belt buckle and you's his him somewhere.
My 7x57s are all either commercial (2) or custom (1) but do have long throats.
I don't know what velocity level you loaded to with the 140's but the 139/140 gr. military ammo was loaded pretty hot for that Mauser. According to an article by the late Jack O'Connor they did 2900 FPS from a 29" barrel.
An older Winchester loading booklet shows 44.0 gr. of W760 doing 2400 FPS at 44,500 C.U.P. (about 50KPSI I believe). I loaded 5 rounds for each of my rifles with that charge and the 175 gr. Hornady round nose and ran them over the chronograph.
Ruger #1A 22" BBL 2310 FPS
Winchester M70 FWT 22" BBL 2340 FPS
Custom Mauser 23" BBL 2450 FPS
That Mauser has a tight chamber and tight match grade barrel and shows higher pressure using the same loads. Loads I have for the other two are all way too hot for the Mauser.
Groups with the Hornady bullet were MOA or smaller.
I did run a few 175 gr. Hornady spire points through the M70 the ran right at MOA but again velocity was in the 2350 FPS range.
Hornady book says 43.1 gr. W760 for 2300 FPS
My Sierra book #V doesn't even give data for a 175 gr. bullet.
Earlier editions did but used a rifle with 29" barrel. They don't cheat fair.
Paul B.