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Absolutely the 140 in a premium bullet would be fine on smaller species and the bigger ones too. The 160 is merely I'd prefer for larger game - just a personal choice since you mentioned 2,700fps.

I agree with Daryl, 160's at 2700fps work very well unless you want to flatten out the trajectory a bit of course? And you are right, the premium bullets available now mean you can go lighter if you like (just to confuse the issue)