The 264 had too large of a case. It could not be loaded up
to case capacity for large bullets like 140 and 160, because
all the available commercial powders were too fast for that
really large case. It was the same case basically as a 7mm
Rem, but the bore was smaller.
Even a slow powder available then, 4831 was not slow
enough to come close to filling the case with a 140 or
160 grain bullet, So you could not USE the extra case
capacity. It was way overbore capacity.
You could get a lot of velocity out of it hand loaded with
those large bullets but still not beat a 270 much.
I had one of those early guns, and I bought a 50 pound
keg of H870 powder. That was slow enough that you could
get it near full without over pressuring the gun, and then
you had lots of velocity, but still you could not use the full
case even with that powder.
I rebarreled mine to 6.5 Remington, and I could get just
as much velocity out of that as I was getting out of the
264 and the case was a half inch shorter, but I could fill
the case up with H870 using 140 or 160 grain bullets and
shoot them over 3000 fps. I really liked the 6.5 Remington
and a friend did also, and talked me out of it. At that
point I bought a Savage 110 and barreled it to 6.5-06.
It gave the same performance as the 6.5 Remington mag,
and actually the case capacity was the same, I could fill
it up with H870 and use 140 or 160 grain bullets at over
3000 fps. Eventually I ran out of the H870 powder but
it must have lasted me for 25 years. Accurate 8700
is almost identical speed and is a great powder for the
6.5-06 or 6.5 Remington. I bought a bunch of powder
from GIBRASS.COM, and among it was 8 pounds of
WC872 which is just about identical to H870 that I used
for years.
The 264 was just too large of a case to be used with larger
bullets. You probably could find some powder to fill a case
up with if you used the lightest bullet available back then,
which was 60 grain, doubt if that is still available. You
could probably have got thatbullet up to 4000 fps, but why?
It is a varmit bullet, and a 220 swift would do the same
function with less fuss and bother.
The 264 was just a bad idea.