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When you mention 270 and 7mm you aren't specifying which cartridge you're talking about. In 270 there are only a few...270 Winchester, 270 Winchester Short Mag, 270 Weatherby Mag. Then in the 7mm you've got 7x57 Mauser, 280 Remington, 7mm Remington Mag, 7mm Winchester Short Mag, 7mm Weatherby Mag, 7mm Remington Ultra Mag, and this list goes on.
When both are Zeroed at 200 yards there isn't much of a difference in trajectory. The 7mm beats the .270 by 2 inches at 400 yards. Also the 7mm is only generating 171 more pounds of KE at that same distance. But the 7mm kicks more and burns more powder. To ME the .270 makes more sense.