As said before - in my my field of reference that case may merit necking down to 6.5mm but not smaller. I know many wildcatters do not really mind about throat erosion as long as they can get the best speed out of it with light-weight bullets. Let me go back a ways and I'll return to modifying this excellent case that had used perfect mathematics to already make it simply very efficient.
There is another field of wildcatting which almost fails to meet the first-order understanding of the term of
wild abandon - and that is dedicating a rifle and cartridge to a certain task. Wildcatting in its essence is about "free thinking" - even towards slowing down a particular bullet for a particular task. I asked a question in another thread here because that particular subject under discussion had touched on a long time thought I've had and I casually mentioned my reason for liking a particular post. CrookedCreek picked up on that and started a thread about my humble "bushbuck rifle", and just look where we have gone with that.
I have only shot two rifles in my life which I did not like. The first was Jeff Cooper's one-off .460 Guns&Ammo wildcat and the other was some Savage in .22-250. Nothing was really right in the latter but mainly it was the off-hand un-balance of the rifle, and roughness of the action. The stock design for Cooper's idea which he brought to Africa was sadly nowhere near suitable for the amount of recoil it had. That rifle needed the Bavarian style stock, but Jeff Cooper having been Jeff Cooper would rather have died seven deaths before accepting such advice from us. His wildcat died too. Like Jack Lott he was disgusted with the .458 Win Mag after in a previous visit to Africa, 8 shots from his .458 WM did not even put his Cape Bufallo down and his PH putit out of its misery it with his .375 H&H. To this day Winchester was not interested in this problem and Cooper decided to build his own buffalo rifle and cartridge - but the typical straight line American "Safari" profile for the stock is not clever for that amount of recoil.
So I like most almost every rifle I have shot. Then one day you shoot a rifle cartridge combination which truly leaves a lasting impression on you - maybe a few even, which many years after having pulled its trigger and emptied its magazine you will remember the satisfaction it had caused in its balance, and at or on the target performance. To me the 7.5x55 Schmidt-Rubin from the K-31 is one of those. (The others are the 8x68 Schuler; 7x64 Brenneke and equalled again by the .280 Remington; 7mm Rem Magnum; .338 Win Mag - although in Africa there is only one single use for it; 9.3x62 Bock and the .416 Rigby, and my Kentucky .50 muzzle loader with top loads). Every time I shoot the Rubin in Colorado the impression that
this is something special is reaffirmed.
The Swiss will lend itself to necking down to 7mm, and possibly also to 6.5mm dedicated to 154gr bullets at 62,000 with original GP-11 cases. In 7mm I would dedicate it to 170gr. In standard form it will accept US designated .308" bullets as is. I shot in military competitions against the Swiss Army/Air Force team using the K-31. The stock military rifle is simply very accurate. Impressively so.
My own opinion for a modification? An "Ackley improved" profile to 8mm and even 9.3mm. Do the figures for that and see what you get.
In Europe, to obtain official approval by the C.I.P. (and in South Africa by the SABS Standards Bureau)
the cartridge and every single rifle to fire it and which is to be sold to the public has to be fired at 125% of the load that approval is applied for with no measurable plastic deformation. That pressure figure for the Swiss is 68,000+ psi.
Hornady as well as Privy Partizan sells 7.5x55 ammunition in the US.