For target shooting or for downloading the 7mm down to 7x57 ballistics, Varget should be fine. It's a great powder, and my favorite in 308.
Be careful to not exceed published data, as Unclenick noted you will be underusing the case capacity. If you fill 7mm to capacity with Varget, serious pressure issues will arise.
H4831 is my favorite in 7mm, and I highly recommend it.
LT