Folks, let's try to remember the history of the cartridge
Original 8x57, what now is called the 8x57J, had a 227-grain RNFMJ bullet of .3189" diameter. I am going both by the books (TEXT BOOK OF SMALL ARMS - 1909) and a bullet which my great-uncle sent home before he went MIA. MV was 2093 ft/sec from a 29-inch tube. Powder load was 40.75 grains of Nitro-cellulose powder and chamber pressure was 21 Imperial Long Tons per square inch: 47,040 PSI.
This was replaced in 1904 by the JS loading, which was standard for rifles after that date, and for which many earlier rifles were reworked. The JS used a 154-grain spitzer FMJ of .323" diameter at 2882 ft/sec MV, also from a 29-inch barrel. Powder load was 48.4 grains and powder type was described as "Nitro-cellulose". Chamber pressure in this case was only 17.5 Imperial Long Tons per square inch: 39,200 PSI.
I have disassembled German ammunition from the period of the Great War and found that it was loaded with a square-cut flake powder, likely with a burn rate at the level of 3031. You can extrapolate your own load data from these figures.
The 196-grain boat-tailed spitzer FMJ loading, the JsS, came out in 1917. It was restricted for machine-gun use only and it was specified as anti-Tank ammunition. This is the loading that that nice Mister Hitler adopted for his standard previous to World War Two.
The even-later SmE loading was an effort to come up with something with the aerodynamic performance of the JsS but also using less lead, this metal being in short supply. The result was a triplex bullet with a mild-steel core, lead envelope and plated-mild-steel jacket weighing 178 grains, conveniently close to the 178 grains of the SmK armour-piercing load.
Considering the powders which were available during the Great War, I would think that charges of 4895 approaching the originals should be safe in a good-condition Mauser. The 4895 is, after all, a very progressive powder and certainly should offer a margin of safety over the old fast-burning flake powders.
I have here a small amount of Turkish ammunition which is said to be loaded to the 1904 specification. I have transferred 20 rounds of this to new brass cases with fresh primers and, later this Summer (if it ever stops raining here) will chrono all 20 rounds, using a 1916 Kar98aZ, a late Gew 1888nm, this the model with the heavy chamber, a 1915 Gew 98 and a "black" rifle from the 1920s which just happens to have a perfect bore. When done, I will post the results here. We should be able to determine just how much (if any) velocity is lost with the short barrel of the Kar98aZ and the 1920s barrel should give top MV, one would think.
I will then attempt to duplicate whatever performance I get, using Hornady 150s, as 154s seem to be unavailable.
But that old ammo was loaded with very fast powder.... so, we shall see what we shall see.......