Loaded with something like the 130gr Accubond it would be fine at closer ranges for bear (assuming you mean black bears) and elk. With elk make sure you pick your shots, wouldn't want to drive it through the shoulders.
It's a medium range cartridge(regardless of how it's being used), and has just enough energy to break paper beyond that. Lapua/Creedmore are sharing this highpower adjustment with those making 123-130gr bullets.
Necked down to 6mm, it then has the potential of a 6XC/6Dasher(a bit less than a 243). These are longer range cartridges(and more successful in comp, not hunting), IMO.
But even a 260 is a bit underpowered for long range work on big game.
Just ordered a reamer for the ackley improved version. Should run right close with the 6.5-06. My son has taken two elk at 310 and 375 yards with his 06. Do your home work on the bullet choice and I think you have an elk rifle out to 400yrds or so.
I'll know more when the rifle is done, but am planning on running the 130 class bullets at nearly 3000fps.
I am quite excited about this chambering, 35 grains of powder, 3000fps, 130g bullet...priceless.
Here is a link to an article about the 6.5x47 lap. You should read it, and get a hold of Darrel that did all the load testing and let him know why he can't do what he did. After you are done with that you can come back here and tell me and every one else why it can't be done. That would be much more helpful to all than trying to sound really smart at my expense.
Do you actually have personal experience with this cartridge? Or is it as it appears, you are making it up as you go?