Phoenix,
Here goes....Ballistics 101
To determing the correct bullet weight for your rifle's rate of twist, a gunsmith would use the "Greenhill Formula" developed by a Brittish gunsmith in the 1920's.
The formula is T=150(d/r) for velocities from about 1500 to 2800 fps. Substitute 180 for the 150 value for velocities exceeding 2800 fps. "T" is the twist rate. "d" is the bullet diameter. "r" is the bullet length to diameter ratio (length of bullet divided by diameter).
Confused???
Then a simple rule of thumb applies. The faster the rate of twist, the longer, and therefore, heavier the bullet.
I'd try a Nosler Partition in 200 or 220 grain. Bullet weight is not the only factor effecting accuracy in the 7400. They were never an inherently accurate firearm.
But...give it a shot....so to speak
RG