.22, and standard velocity ammo, and you are pretty much at about the limits of what a Favorite action will take safely for any length of time.
Really, I have no objections to you taking your own eyes out, I simply recommend against it, and would rather not be the guy standing by at the range when it happens.
The Model 44 action by Stevens is a bit bigger and far stronger, and most of the guys with more experience with those than I are of the opinion that they are best off as a Rimfire too. Watch, as I have seen several 44 actions being sold off as 44 1/2 Models, which is a whole 'nuther animal, in that they (the 44 1/2) are an actual falling block action and reasonably strong, as opposed to the Favorite and 44, which are a swinging block. A 44 1/2 is a pretty darn nice start to a CF gopher getter or similar!
Anything that has any real risk of getting actual full power ammo of any centerfire cal, should be built on a better action than those.
I have and have had several Favorites. I barely trusted them at .22 power levels, and frankly, would not wish to be around one in a Hornet, as the odds of it grenading are altogether realistic. Same with 32-20. There is factory ammo out there that will do damage to Antique guns that were chambered for that caliber, which was actually intended for use in better built rifles, and you have no way to stop someone else from buying that ammo and loading into the gun that you were pretty sure would only ever be fed 'your' weak loads. Best not.
The castings used for the actions were pretty skimpy stuff, and the whole force of firing, is held in check by two pins, the cross screw that the breech block pivots upon, and the one that the lever pivot on. The breech block pin is not fully supported on either side of the block, allowing a LOT of flex. The lever pin is a bit better supported. That is all that holds things together in a new condition one. Any wear, and you are worse off.
Cheers
Trev