6.5CM. It’s not too light. Why would a 7-08 with a 140 be good for elk, but a 6.5CM shooting a 140, with a higher SD, at essentially the same velocity not be enough? The truth is, the higher SD suggests it might be ever so slightly better than the 140gr 7mm. It’s at least enough better to make up for the near meaningless decrease in velocity compared to a 7-08.
The same can be said for a 270Win with reduced recoil loads. You’re not beating a 6.5CM by much if anything.
If you could handle the recoil, then by all means, shoot a full power 270Win with 150+gr bullet or a 308Win with a 168.