I've loaded the 60% reduced loads of H4895 in my .308 with 110 gr. VMax bullets. Averaged 1690 fps. Recoil was like shooting a .410
I would not hesitate to slip one behind the ribs of a deer under 100 yards. My 5 and 9 year-old can shoot one of Daddy's BIG guns with that load no problem. The bulkiness of the reduced load powders should increase the safety margin and avoid the chance of secondary explosions. If you're talking about a 100 yard and in stand hunting gun who cares about squeezing out sub MOA accuracy? If you can't keep it inside the ribs of a deer at short range with a rifle shooting 3" groups you shouldn't be hunting.
One of the Hodgdon manuals from a few years ago had a whole article on Youth and Reduced loads. That's the beauty of handloading you can tailor your loads to odd ball concepts like this. Makes perfect sense to me.
My full bore Varget load with the 110's goes 3,050 fps.