From what I've seen, the Model 7 is essentially a Model 700, just shortened even further than the short-action 700. It's a pretty little rifle, but after much consideration I've chosen the short-action 700. I've heard lots of complaints about the Model 7's surprisingly stiff recoil (in .308, I believe). It's more an issue of stock shape than weight, though. The deciding factor for me was the aftermarket support for the 700.