Never tried it, but 130gn sure seems awful light for a 30cal bullet. Not that it's everything, but the BC would have to be very low. But, hey, if you try it and it groups well, and you're not intending to shoot very far, I wouldn't think there's a problem. Limitations, for sure, but everything has it's limitations. As far as the game you mentioned, elk are big, tough animals. One thing that Barnes bullets certainly do well is hold together and penetrate, but 130gn bullet is going to shed energy fast after impact. Might not be a problem, but something to consider. There's better options out there, but like I said if your gun likes the bullet, Im sure it's doable within reason.