Thought I'd give an update on this thread that we were discussing. A couple months ago, I bought some regular 308 Lapua brass when Midway had it on sale for less than $.70 a case and 7-08 brass was nowhere to be found at the time. I sized the necks down in a couple steps. I also turned and reamed the necks to alleviate any potential problems with neck tension that could arise from the 308 brass having thicker necks to begin with and fire formed the cases. The cases end up a shade shorter than the SAAMI minimum case length, but it wasn't an issue during some load development with every combo I've tried producing sub .75 MOA and a couple touching the .3-.4 MOA range out of a stock rifle.
While it did take some more prep work initially, all in all it might have taken me an extra 2-3 hours in brass work to prepare. The cost savings vs. additional prep work might be a wash, but it's a good option to think about as components remain somewhat scarce as far as brass is concerned.