They replaced it (.308) because of stoner and the "space age" platform being offered because during vietnam they needed a cheaper round because the waste of ammo with the draftee's and what not.
They replaced 7.62x51 because it was an obsolete failure as a general service rifle cartridge, which became painfully obvious the first time it went head to head with the AK-47. The M14 and its cartridge were one of the best rifles of WW2 -- the obvious problem being that it was fielded in the late 50s, when small arms technology had made a whole other jump forward in optimizing the equipment to battlefield realities. (Don't believe me? Ring up the consulate of any major nation whose military still issues 7.62x51 battle rifles for general purpose use and ask them what's right with the idea . . .
)
So, with or without 5.56x45, 7.62x51 was doomed to failure by about 1942 when the Germans started doing field tests on the StG-44. Dissatisfaction with it would have invariably resulted in something new because it just didn't get the job done, and the idea of the Small Caliber High Velocity intermediate round was around and would have resulted in something looking very much like 5.56x45 in some slightly altered format.
About the only way we might not have gone down that road was if the US Ordnance R&D community had been fortuitously and collectively killed in a lightning strike or something or they'd otherwise ushered out the head-in-the-sand idiots who thought 7.62x51 was a good idea. Perhaps then we'd have ended up with the British 280 intermediate round, which looks to have been a superb caliber and that might have hung around into the present and kept SCHV from every getting momentum.
I really wish I could ask a BG how it felt to instantly be killed by .308
and then another how it felt to be injured by .223 and slowly bleeding to death behind cover the .223 cant get through...
remember, the injured one told the other BG's where the GG's are while the dead one just flopped.
Good luck with that. The first military I am aware of that adopted controlled pairs for all engagements at close range were the Rhodesian security forces, who were shooting scrawny Africans with FALs. Obvious conclusion: One round of 7.62x51 hitting a smaller framed human being is inadequate to produce a reliable one shot kill.
Or put another way, read up and see if any GIs ever survived being hit by a full power 7.92mm Mauser round (or two, or three) and not only lived, but stayed in the fight.
Ain't no silver bullets, though amateurs fixate on them endlessly. Professionals learn to put rounds center of mass.
side note. if the .308 is TO BIG. How on gods green earth did we ever win the 2nd WW with that way to long, way to heavy M1 firing a way to over powered round. Did no one ever have to carry it? Did they never have to clear buildings? Just wondering.
The better question is how many more guys would have made it home if they'd been equipped with a weapon better suited to actual infantry combat and not the fantasies of some general about picking off bad guys at 1000 meters with aimed fire? Had we adopted the M1 Garand in 276 Pedersen, and put a 20 round magazine in it (even though -- gasp -- soldiers might waste ammo and might not shoot NRA highpower classic form prone on the range
) the individual infantryman would have had a superb 0-400 meter fighting rifle that would have made the paradigm-shifting of the StG-44 a lot more debatable.
Obviously, that would have taken more sense and forward thinking than our leadership was capable of in the interwar years, but had we gone that route and gotten rid of 30-06 when the army wanted to, rather than putting it off two three decades, we might still be shooting 276 Pedersen chambered rifles (or probably a product improved version of the cartridge) today.
Anyway, I'll stop pointing out problematic facts and let the 308 He-Man Club resume thumping their hairy chests.