M1978,
I have one and have started load development for it. I am using the Hornady 350 grainer with 45.o grains of RL#7, and it shoots real nicely. The thing I have found with these big bores is that you do not need a lot of velocity to get good performance.
I did a penetration test on some used oil drums at a dump, and a factory loaded 300 grain JHP completely penetrated 3 drums, and split the 1st side of the fourth one so bad it almost entered. Left a huge dent and a tear in it. I chronoed those loads, and they were doing 1855 fps at the muzzle. I doubt a deer's shoulder blade is as tough as 6 sides of metal oil drum. Even a moose should not slow that one down appreciably.
My Brother has a NEF Handi-Rifle in 45-70, and he has loaded some 500 grainers that actually loosened fillings in my teeth. Good grief! You don't need that kind of power. It completely penetrated a full size bull moose from right front to left rear, and broke the hip bone before exiting. His rifle is a little loose now, but it still shoots.
All the BCPR guys tell me that a moderate load is all that is needed, and they are super accurate. My first group on paper at 50 metres measured 0.563" centre to centre. With factory loads. Not bad. Besides which -- that long drop butt stock, and the colour case hardened "recoil pad" with a warm load would leave its mark for sure.
I think big bullets do not have to travel fast to be effective. My target velocity for the 350 is going to be 1800 fps. With the 405, I would like to get around 1700-1750 -- which should be easily obtainable.
If you want a 458 magnum, buy one. Don't make the 45-70 something it was never intended to be. Garrett Bullets makes hard cast ammo for the 45-70, and I think the loads they say that are safe in the H&R/NEF rifles are kept to around 30-35K psi.
If I want speed, I got a 300 magnum. My 45-70 is a pumpkin launcher. I plan on keeping it that way. Besides, I also have a 405 Win to play with , and with a 300 gr bullet, speeds in excess of 2200 fps are easily attainable.
Y'all have fun with the Classic!