Having owned two .264 Win Mags over the years, and having shot both extensively, I am of the opinion that the stories about shot out barrels are highly exaggerated. The recoil wasn't any worse than my sporter 06's. The decibel level was a lot higher, you will only forget your ear protection once with a .264.
However, both were extremely hard on brass. If I was real lucky I could 2 reloads (3 shots) out of the brass before it had to go into the trash.
Also, if you are going with a barrel length of less than 26", you might as well stick with something else, as you are not going to get the performance without that length. My favorite was a Mark 10 with a 28 inch barrel. That extra couple of inches made a huge difference in acheived velocities over the 24 inch barrel I had on my other gun.
The cartridge is a reloaders dream, has a wide spread of available bullet weights and can easily work for everything from prairie dog to black bear, and at least with mine, it wasn't picky about which bullets I used, and grouped them all into 1 to 1.5 inch groups.