As someone who has hunted mule deer and elk for over 15 years, and competes in the PRS and local matches frequently, I think the Tikka CTR .260 fits the bill really well for a gun that can do both. I've killed elk with a .260 out to 600 yards easily, and i have two buddies who shoot local PRS style matches with a CTR .260 and do very well. The .260 will work great for deer, and can kill elk as well, from my experience.
The upsides of the Tikka:
- very smooth action right out of the box
- very accurate, I've personally shot .3 MOA groups at 300 yards with my friend's stock CTR .260 consistently
- great stock trigger that can be adjusted pretty light, especially if you switch out the spring with an aftermarket spring
- lightweight stock is great for carrying in the hills
- bottom metal and 10 round mag included
- barrel comes threaded for brake or suppressor
Downsides:
- shorter barrel (20" barrel, wish they made one in 24"), so you will lose some velocity
- stock isn't bedded, but I haven't seen that affect accuracy AT ALL. Both stock Tikka CTRs i've shot were easily .5MOA guns or less out of the box with hand loads
- You will need to add an aftermarket scope rail (you can get the EGW heavy duty rail for $69
- the stock doesn't have an adjustable cheek piece or LOP, but still works fine, and you can add a stock pack or riser if needed
In a nutshell, I think the Tikka CTR is probably the closest you will come to a rifle that can do both pretty well. The new Ruger RPR in 6.5mm might be a great option as well, but will be heavier.
ETA: and if you get more into the competition side of things and want a better stock or chassis, you can drop it into a KRG X-Ray or XLR element for a $600 upgrade. It's a good combo like that.
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