I regularly resize .457/8 bullets down to .452, have even got them down to .450. I shoot them sabotless in my smokeless muzzleloader.
The process takes several stages and a strong press. I use a 1 ton arbor press and I also have a hydraulic press that I constructed from a 4 ton bottle jack.Different bullets require different stages of resizing, ie. thicker jacketed bullets usually need to be sized smaller than the required size due to springback. Several different sized sizing dies are necessary to accomplish this. All of my dies are custom made and heat treated to extend their life.
There is a company in the States that goes by the name of Swinglock. they specialize in custom smokeless muzzleloaders but they do make an adjustable sizing die that fits on a reloading press, they are a qualitly product and eliminate the need for multiple dies to ensure the proper required fit. Here is a link to their adjustable die,
http://swinglock.net/adjustablebsd.php
I also reform the bullets into a spitzer point, I feel it improves long range accuracy and terminal performance.
here are some pics.
just reworked my nosler die ( again ). Didn't quite like the blunt nose.
first attempt.
don't know if it helps anything but they sure look pretty and a definate confindence builder. I'm sure it won't hurt performance or accuracy.