I wouldn't limit yourself to a Cabela's scope, especially at that price.
In addition, I find that there is no substitute to going to the nearest Cabelas and looking through the scopes with my own eyes no matter what any of us may recommend.
For that money, I'd look at the Zeiss Conquest, Bushnell 3200 and 4200, and Nikon Monarch if I were buying only from Cabelas. Maybe the Leupold VX-II or VX-3 as well, though I think the Zeiss is better for the money.
Actually, on that rifle and for that money I'd buy a Sightron instead from somewhere else, and use the $200 in Cabelas points for gear. This one here is just over $200:
Sightron SII39X42 SII 3-9X42MM Scope, Black - ManVenture Outpost, LLC
Check out scope prices on ManVentureOutpost.com as well as Opticsplanet.com and natchezss.com
All are usually much cheaper than Cabelas - enough that I've purchased scopes through them and used my Cabela's points on other items.