There's a lot of interest in .300BO, but it does go to understanding the ballistics.
Yes, it has a bigger, heavier bullet. That means it can carry more power, but it doesn't mean it carries if further. Typically it has a shorter effective range, with more bullet drop. You could go 6.8SPC and have more range, less drop, and extend the effective range further - plus it was designed from the ground up as an SBR round, where the .300 was just a workaround to get AR's into 3Gun competition decades ago. .300B0 wasn't originally intended to be a suppressed round - it was a .30 stuffed in a 5.56 case to avoid the rules against poodleshooters in the days when "Real Men shoot .30 cal battle rifles!" Then the AR15 was a 20" barrel and that was it.
.300BO has no surplus or cheap import ammo, so shooting it is still commercial priced - same as 6.8SPC. Which is about 2 1/2 times more expensive if you practice a lot. And which is why "everybody" says "It's great if you reload!" Well, so is any other non military caliber - if you want to spend the minimum $200 for equipment and the hours of time weekly to do it. Some do - others would rather buy ammo and go shooting than work over a press coming up with ammo that 1) voids the warranty on a new over the counter rifle, and 2) is the #1 cause of kabooms.
I plan to get into reloading, too. I just don't gloss it over.
Rather than go thru that loop now, I choose 5.56 for my AR pistol . There's cheap surplus practice ammo, and look to Black Hills for the box or two of hunting/SD ammo that I might want on hand. 77gr OTM or TMK has great performance and it legal for hunting.
If it's a matter of numerical legality per a specific states hunting regs, and 5.56 isn't allowed, then there are better choices than .300BO - but you have to spell out exactly the conditions to make the judgment. "Better" is a good thing, but it also requires measuring it and that means with numbers, and they require knowing what ranges and what kind of target.
Define "better" by having numbers, or it's all just chest thumping and ego. In general - which reflects the finite overall loaded length of ammo in the AR15 magazine well - the shorter the range, then the fatter the bullet you can use. And vice versa - longer ranges need narrower, longer bullets with better aerodynamics to retain energy.
Again, in general, because of the OAL of the mag well, you line them up by diameter of the bullet and you get different results with a spread of ranges. The bigger bullets can take bigger game - at shorter ranges. The narrower bullets reach further, extending range. but the size of the game diminishes - as does the opportunity to even see them unless you are out in the open.
You apply the cartridge best matched to the situation - exactly the opposite of what marketing does, invent a new niche round and watch popularity drive sales.
What happens then is that the shooter realizes they didn't get the One Cartridge That Rules Them All, and ammo may not be commercially available at taxpayer subsidized rates. Which isn't the problem of the people who sell them. It's yours.
Choose appropriately, match the cartridge for what the gun is intended to do, and you get happiness. Go out of the way to force something to fit a choice that is inversely optimal for it's original design intent, and you'd better have really good reasons. Or it will be a waste of gun money.
Again, .300BO is popular, it was originally meant as a wildcat to force 3Gun to accept the AR15. Much later others worked with it and found it was a good SBR suppressed - but that doesn't make it the "better" round for everything.
You have to specify what it will be used for.