The .300 Ultra Mag is one heck of an elk rifle. But, it's an awful lot of rifle. It's also heavy & long. If you know what you're getting into you can sure consider it, also, price the ammo before you buy one. (It is cheaper than Weatherby though)
Personally, I shoot the old fashioned .300 Win. Mag. and would recommend it to anybody. I'd also consider a .300 Win Short Mag. but if you have a .30-06 that would serve you fine too.
The bullet choice is probably more important than the cartridge. I like controlled expansion bullets, at least Nosler Partitions, but better yet Swift A-Frames or Trophy Bonded Bear Claws. I've used Fail Safes 3 times, they penetrated well, but not a lot of damage inside. Core Lokt Ultra is also a good choice at a more reasonable price.
I wouldn't worry about the rifle choice as long as you shoot a lot and get very, very familiar and confident with it shooting from field positions. Get some shooting sticks and practice with field rests like rocks & trees.
The most important thing you'll probably need is a great (not good, but great) pair of boots. Get some with air-bob soles and high ankle support, they'll be your best friends.
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"Watch your top knot."
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