Re: 308 vs. 7.5x55
Ballistically they will be pretty much identical.
.308Win: Higher peak operating pressure.
7.5x55: Lower peak operating pressure but more case capacity.
The 7.5x55mm case is VERY similar to a .284Win case necked up to .308". As a matter of fact, many used to do just that to get reloadable 7.5x55 cases (before they became easily available).
If you chambered a modern bolt action in 7.5x55 (with higher pressures), should run like a 30/06.