kevin .303
I own and shoot several BPCRs, including a couple of RBs. Being rimmed, the 30-40 would be an excellent choice for a RB action, but as others have pointed out, there are any number of other good choices, maybe better.
Last couple of times I've been to the range, a good ol' boy has been there with his Swedish 12.7mm using 50-70 brass and 3031, shooting the hell out of paper targets and chunks of clay bird out to 75 yds. This guy is in his 70s!
The current issue of BPCN has an article on the use of BP in the .303 British. It can be done, but it's a lot of trouble and you don't get the original performance either. Best done with Metford rifling, which means shooting a pretty collectible rifle.
The guy who wrote the article even gets 70+ grs of BP into the case with a 'flash hole' through the powder charge. He doesn't give details, but it's one of those 'don't try this at home' things.
A 45-120 or 50-110, you say? Shoot one first. Most of us find that for any amount of shooting, a 45-70 produces all the punch we can enjoy. This includes guys like Mike Venturino, who's been shooting BPCRs competitively for years.
I like watching guys shooting their 45-110s, etc. and getting bounced pretty good. After a few rounds, it doesn't look like they're really enjoying the experience.
Wanna buy a 45-70 RB? I'll sell you mine. Gimme a pm and we'll discuss it.
Todd