Update
Hey guys,
So, I had a chance to give casting another shot today (day off work well spent, haha!).

Being armed with the new information you all supplied (many thanks once again!), I hit the casting bench like a bat out of hell this morning... Three hours later, I had approx 300+ perfect cast bullets in two different calibers (one was a Lee aluminum mold, the other a NEI iron mold). When I compare the before/after, I can see at least a 300% improvement in my casting performance (bullet quality). I only rejected the first few bullets out of each of the molds. The rest were smooth and shiny silver-color with no wrinkles or other issues. Here's what I learned & corrected in my casting procedures:
- The lead has to be preheated on the max setting (setting "9") and fluxed/cleaned from debris; then the (cleaned/degreased) mold has to be put on the lead and has to stay there for at least 5 minutes or so.
- The meter's spout was cleaned with a piece of thin bent wire. Once I stuck the wire in there and moved it around, perfect flow was restored instantly. This intervention was repeated 2-3 times throughout the casting session, as the spout would sometimes clog up with debris and lead flow would be reduced.
- Once the mold was removed from the lead after a few minutes, I smoked it with a candle. I then reduced the temp to setting "7" as suggested and began casting.
- The first bullets wouldn't solidify for a few minutes (mold/metal too hot). I waited until it finally set and rejected those first two bullets + the two after that. Scrap lead was NOT going back to the pot, as opposed to what I was doing on my first casting session (when I didn't know better).
- After the third batch, the mold/lead temp stabilized and every single casting after that yielded perfect cast bullets. I was casting as if I were in a hurry, pouring fast and getting the bullets out as soon as the lead on top solidified (3-4 seconds).
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Important note: it is imperative to discard any bullets with imperfections or small wrinkles. I reloaded some .45 ACP/Schofield today with the bullets from my first casting session (the one where things got messed up) and all the bullets I decided to keep despite minor imperfections were loose. In other words, their diameter was not up to spec (too small) and they're useless. I'll be melting them down next time I cast.
By the way... I also noticed something interesting with the Lee Production Pot IV. Many of you say that the lead should stay up to 40 minutes until it reaches optimal (very hot) temperature, but mine took approx 15-20 minutes to get to a point where the lead in the mold wouldn't even set because of how hot it was... is that normal or is my melting pot on steroids? I had it on the max setting for the warm-up procedure and it seems to get up there really fast. I just hope it doesn't mean the freakin thing will die on me imminently, lol!
