I own both, too, but my Remington M7 is my favorite. I love its light weight and compact dimensions. It's a very handy hunting rifle. Savage makes nothing to compare. Ruger and Browning do, but this is a Savage vs Remington thread, right?
That little M7 is 1MOA accurate and rugged stainless/polymer in construction. It's the perfect gun for me. I set the trigger to a crisp 3 lbs, perfect for hunting, and it comes to my shoulder fast and fits me perfectly for those quick off hand shots. It's just a natural extension of my body, so I gotta go with it.
My Savage is a 7mm Rem Mag, friggin' cannon. As such, the extra weight and barrel length is a good thing. I like it, just have little use for it anymore since I'm not hunting out west much anymore and, really, unless I go elk hunting, I see little advantage in it to my Remington. Heck, I think even if I got an elk hunt somehow, I'd take the Remington. .308 will kill elk quite dead to 300 yards and that little gun is very light to carry and I'm not as heathy as I used to be.