I do reload and while I have the dies for 338 I do not shoot enough of it to justify putting in the time to reloading them, plus there are some seriously nice off the shelf stuff that will shoot awesome... For me I would rather spend the time loading 357 and 45 acp pistol cartridges since that is what I shoot every single week, my self and home defense ammo, hunting ammo, and rifle target ammo is used so little that it would probably take me 2 years to make back what I spend on the dies, lol...
I buy my hunting and defense ammo from Underwood ammo, 308 and 338 target stuff I have a bunch of it from buying a box here and there to not need it for a while.. On the other hand if I needed it, I probably would load 338 because some the decent Hornady stuff is like $5 a round now, lol...
If you are considering reloading for a medium low investment...
http://www.amazon.com/Hornady-85003...417463029&sr=8-1&keywords=hornady+classic+kit or the rcbs rockcrusher {like Hornady} kits would be a good start, then a set of
http://www.amazon.com/Hornady-338-L...=1417463099&sr=8-2&keywords=338+lapua+hornady
that would get you 600 free hornady bullets right now too, {before the end of the year}... The bullets alone are worth around $200 {although they arent offering a 338, you can sell them or trade them, still $200 of hornady bullets...
If you want to get really accurate with your loads you can get this kit too
http://www.amazon.com/Hornady-Lock-...7463287&sr=8-1&keywords=hornady+precision+kit and that gets you another 500 bullets!!!!
figure almost $4 a bullet for Hornady match ready to fire---
or these
http://www.midwayusa.com/product/25...-lapua-magnum-box-of-100?cm_vc=ProductFinding at $2.50 each
http://www.midwayusa.com/product/46...int-boat-tail-box-of-100?cm_vc=ProductFinding 79 cents each for these
then add in $.04 per federal 215 primers and another $.08 for aliant 33 powder {around 100gr charge for these guys, lol} so you can reload for around $3.50 a bullet, not a huge savings to start BUT if you buy loaded bullets and then reload the brass you are saving $2.50 each time, getting you down to $1 per shot...
700 will take the Lapua. The only problem is getting the round bottom action to sit still in the stock. If you are an accuracy addict, you will spend considerable time fighting the action.
I have NEVER had an issue, I even just googled that to see if I was missing something? Didn't come up with much, the police comes with an HS stock and it really is decent. My 700's all shoot better than I can shoot, when I strap them in the sled they shoot groups the size of the bullets
...