Dave,
I adore the .300 WSM and have experimented widely with it, using projectiles weighing from 155 to 210 grains. It can be quite tempermental, however, and is therefore better suited to long range competition than to hunting. That said, I urge you not to try the really slow burning propellants that work so well in the longer case .30s (e.g. .300 Win.Mag). H414, H4350, H4831SC, W760, VV N550, and VV N160 have all yielded exceptional results for me, depending on the weight of the projectile I was using. Since you want to shoot such light projectiles, try any of the forementioned Hodgdon propellants. If you decide to try projectiles in the 180-200 grain class, however, use either of the forementioned Vihta Vouri propellants.
Best of luck to you with your new .300! The cartridge is a real pit bull (i.e. smaller than any of the other .300 Mags out there, but certainly just as capable in 98% of the situations where extraordinary velocity and energy are required! I can easily get Sierra's 190-gr MKs to do 3000 fps in my own .300 WSM rifle with Vitha Vouri N160.