If you want military, then you want a Mauser- or Enfield-based rifle. Not cheap. Mark X or Whitworth will be close and least expensive, built on commercial yugo mauser actions. Here is an jnterarms, a bit fancy for my taste https://www.gunbroker.com/item/921499915
A remington 721 would be...
You will lose velocity, which means less power. Expect to lose about 30 fps per inch. That means 120 fps, not the end of the world. But let's not forget the time and money spent chasing fps by manufacturers and reloaders alike. It does matter.
That being said, I have a 338WM with a 20" bbl...
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