110 FP is really quite decent, but have you actually priced the tactical 700 BDL's from Remington? If you hit the gun shows and find a dealer selling bottem dollar, they're not that bad for a heavy-barrel .308 with parkerized finish, in a Butler Creek composite stock. You can find them for under $700, NIB. This is a lot, I know. But there's something to be said for not having to apologizing to anyone for the quality of your rifle. Probably 98% of all tac teams across this country use just that set-up (although some choose .223 or .243 for urban applications. A very few may choose .300 Win Mag, but it's a long-action, which is avoided for these applications.).
The Savage will run you what? A hair under $500? Then figure on a trigger job (NOT an option!), mounts, rings, sling (shouldn't be an option!), and bipod. This brings you up to about $1000, after all's said and done.
The difference between $1000 and $1200 doesn't seem that significant, now does it? The Remingtons are usually easier to shoot with in regard to ergonomics, trigger and action feel, etc, too.
Remember also the expense of finding the load your rifle likes, sighting in, and becoming accustomed to the rifle. This is about 200 rounds, off the bat. 10 boxes of Premium ammo is about $250! That will pay for a decent reloading setup, right there. Something to think about.