180gr .338 bullet is not "the same bullet" as a 180gr .30 caliber bullet, by definition.
It's basic internal ballistics that for about the same case volume and the same bullet mass, the larger caliber will achieve a higher muzzle velocity at the same peak pressure because it has more surface area (F = M*a, and F=P*Area, so acceleration = pressure*area/mass).
What your comparison is missing is the BC values: .30 cal 180gr ABBT is 0.507, while the 180gr .338 cal ABBT is 0.372. The .338WM starts out 160 fps faster in your example, but its low BC value has bled off that advantage and the .30 cal bullet surpasses it for speed by 250 yards.
Code:
_Bullet_ _BC_ _MV_ 0 50 100 150 200 250 300 | YARDS
.300WM/180 0.507 2960 > 2960 2867 2775 2685 2597 2511 2426 | velocity (fps)
.338WM/180 0.372 3120 > 3120 2989 2862 2737 2616 2499 2384 | velocity (fps)Secondly, 300 yards is essentially short-range for rifles. There needs to be a pretty dramatic difference in velocity for any meaningful difference to show up in this range regime.
Thirdly, long-range shooting is mostly about dealing with wind. Long-range loads are usually optimized for accuracy first (to some reasonable point), then wind drift, and drop. Drop is the least important of these. The biggest factor that determines wind performance is BC.
Here's what 160 fps extra muzzle velocity with a BC of 0.372 gets you at long range:
Code:
_Bullet_ _BC_ _MV_ 0 200 400 600 800 1000 1200 | YARDS
.300WM/180 0.507 2960 > 0.00 2.42 10.31 24.86 47.57 80.24 124.37 | wind (inches)
.338WM/180 0.372 3120 > 0.00 3.12 13.66 33.88 66.85 115.37 179.14 | wind (inches)
.300WM/180 0.507 2960 > -0.00 0.35 1.65 3.36 5.49 8.15 11.52 | drop (mil)
.338WM/180 0.372 3120 > -0.00 0.31 1.61 3.43 5.93 9.36 14.01 | drop (mil)
.300WM/180 0.507 2960 > 2960 2597 2262 1955 1674 1430 1232 | velocity (fps)
.338WM/180 0.372 3120 > 3120 2616 2165 1764 1423 1168 1015 | velocity (fps)Heck, the 180gr .338 bullet falls sub-transsonic before 1000 yards!