gregc, friere gave you some good advice about powder coating.
Powder coating is likely best for all of your cast projectiles, pure lead or composite.
You didn't mention if you were going "traditional" with Black Powder as a propellant, or more modern, with smokeless powder.
If you are going "traditional" using Black Powder then a pure lead bullet, which has been Powder Coated is your best venue IMHO.
I found that soft, powder coated, pure lead bullets shot better for longer strings, which can happen when shooting gophers and gongs.
When shooting smokeless powder loads, composite mixes, around 12-16 Brinnel hardness, which is about what wheel weights measure out to, work best.
If you haven't tried Black Powder, you should at least experiment with it.
The 45-70 was originally loaded as a BP cartridge, and depending on the rifle, it will shoot more accurately than with smokeless powder, even with composite bullets.