Does seem a bit excessive. I load 75g Sierra HP's at the lands and still have plenty of bullet in the case. My OAL measuring from the ogive with a digital caliper is 2.710". That's with the comparator zeroed out. Mine's a Stevens 200 as well and it shoots VERY well.

Have you shot yours yet? Might be something to call Savage about although I'm not sure what they might say. Any chance you can check the headspace?