Back in this part of the country, there were a lot of the old Mausers running around that had been rechambered to 8mm-06. A visit to the old gun store was usually good for a few. These ranged from the very nice (new stock, barrel finished, scope mounted) to the very rough (rifle looked like it spent most of it's time under the truck's seat!)
Most were modified by using the 30-06 reamer (as Barry mentioned) altho it appears that not all were rechambered using a 8mm pilot! It's no wonder that some of those rifles ended up on the gun stores racks!
As far as ammo, at first there was an obvious lack of 8mm bullets. Most of the rounds used in the woods were either milsurp bullets that were pulled from old 8x57 ammo, or cast lead bullets. When the surplus powder and old FMJ combination was used, and the results were poor at best. Who (after all) uses spitzer-pointed FMJ bullets to hunt deer? But careful reloading using a good cast lead bullet was the way to go, and many of the old timers here had been casting bullets for years. The 8mm-06 with cast lead bullets was good enough to get the venison on the table.
It wasn't until aftermarket jacketed 8mm hunting bullets hit the scene that these rifles really started to come into their own. Now you had the potential to load this rifle to rival and often beat the 30-06 in downrange performance. You could use the old aught six cases, and for the most part, you could use comperable 30-06 loads (bullet weight) as a starting point for your own 8mm-06 loads. For handloaders, this was a good deal.
I think that Ackley worked out that the difference between the 8mm-06 and the 8x57 was roughly similar to the differences between the 30-06 and the 308. With careful loading, you can make this wildcat do whatever you want.
But some care must be taken if you convert an old Mauser for this round. Not all rifles chambered in 8x57 were safe even for their parent round, let alone a conversion to the 8mm-06 wildcat.
I guess if it were me, and I absolutely needed to have a 8mm-06, I would take a more modern rifle and an aftermarket 8mm barrel, and have it chambered for this round (or maybe the AI version). Then I could load the b'jesus out of it to my hearts content and not worry about a 60+ year old action deciding it was time to check out!