I've used both bullets in 7mm08. I don't care for any of the 120 gr plastic tips. I have had decent performance from them in my 7-30waters at essentially the speeds you are running.
I've had excellent luck with the Hornady 139gr Interloks and find them equal to the no longer available 140 Corlokts and doubly expensive Nosler Partitions.
I've had 120, 140, and 150gr .284" Ballistic Tips fail (break up) on smallish deer. Wouldn't trust them on mule deer. Certainly not elk.
Try some Reloader17 in your 7x57. I would expect to be able to get 2,800 and equal accuracy to what you are seeing.My 20" bbl Rem. Mod-7 7mm08 with a 139gr Hornady will get 2,900fps. It's not a tackdriver but matches your loads accuracy for 3-shots from a cold barrel.
It weighs 7lbs with scope,sling, 4rds ammo. (Drilled out butt of laminated factory stock, Leupold Vari-X III 2.5-8x in Leupold two piece rings). My favorite "mountain rifle".
My hunting buddy in Wyoming liked it so much, he replaced his Steyr .300winmag with a Ruger M77 compact carbine in 7mm08. He doesn't reload so on my suggestion he's using the Remington 140gr Corlokts. He's been very pleased. My rifle prefers 150's, however. I run 150's to 2,775fps. Either a few Corlokts I have left, or Nosler Partitions.
I have a few Winchester 150gr PowerPoints left and adore them on smaller deer of s.e.usa. They unfailingly break up and shed jackets, but blow the stuffings out of deer! Typically fist size exit wounds on chest/ shoulder shots. But, you will loose meat! Again,I wouldn't trust them on mule deer over 250lbs or elk.
Added; btw, I have a few discontinued Sierra 170gr RN. I'm running them as fast as your 140's (2,500). They penetrate into "tomorrow", with modest expansion. I carry them in my chamber when returning to finish packing out a carcass in case "Yogi" ambushes me!
Don't under estimate your cartridge! It will match the 7mm08 at lower pressures. However, they're for practical purposes ballistic twins.