I don't have a 6.5 CM. I have long enjoyed the general class of cartridges such as 7x57,257 AI, 7-08,and 260 rem. and 308. I own or have owned all of those.
All of them are easy on the shooter. That translates to better shot placement.
Bullets (hunting)are designed to perform on game above a minimum velocty,generally something just under 2000 fps. These cartridges deliver bullets over 2000 fps to a reasonable maximum huntng range for most hunters.
Most hunters aren't real concerned about 600 yd plus performance.
Target shootng ranges can be considerably longer.Paper targets don't require bullet expansion.
I was told by good authority that one of the reasons (aside from being a NATO round) the 7.62 NATO is used as the primary US military sniper round is barrel life. Those guys shoot a lot.
Component availability matters. There is no reason why the 277 or 257 bullet diameters could not have been chosen as the "darling" long range bullets.
If the manufacturers focused on high BC accurate bullets.
Part of why 7mm ,6.5 mm have been chosen is the typical rifling twists the rifle makers provide. And,of course,in the USA you can get about anything in 30 cal.
The 2.8 magazine length and feeding through 308 magazines with long bullets ,the available case capacity of the 308 parent case vs attainable velocities...
All of these parameters,and more, come together ...
Along with repeatable ,accurate optics,sighting,rangefinding,ballistic software
Delivering a projectile to a target has evolved a bit from the days of necking 375 H+H down to 6mm.
I'm not a 6.5 CM historian,but enter someone like David Tubbs who considers all these parameters and chooses a cartridge that delivers what he needs.
And he's a winner.
Some folks don't need to re-invent the wheel. They start with what the winners use.
The 6.5 CM isn't about magic. Its just a cartridge based on a lot of well thought out give and take. A sweet spot that seems to deliver