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150 grains of loose powder and an all-lead PowerBelt.If I was going to hunt elk with muzzleloader, I'd look at all-copper bullets like mentioned above.
Best thing to happen to wildlife in this state was changing the laws on the bullets! way to many idiots dont understand muzzleloaders and how they work with all lead! They think cause they shoot there 06 with 160gr bullets that buying 200 gr is plenty and hell faster is better.
I have a knight disc extreme and run the 275 grain bloodlines with 120 grains of fffg. Never had any problems with penetration or knock down power with ths combination out to 200 yards for deer/elk. Have killed 6 deer with this setup and not one has gone more than 40 yards.
PR Bullet. " Dead Centers" 340 grainers always do the job for me