Bimetal jackets will wear out a .223 bore much faster than copper jacketed ammo. I'll dig up the link, but basically there was a test done with 4 brand new shrubmaster carbines each firing 10k of a specific ammo. One rifle was fed Federal while the other three sucked on a diet of bimetal. The rifle firing Federal copper jacketed ammo was showing wear at 10k rds but could still hold a group together. The others were tumbling bullets before 7k rds. This was done with full cap mags and heating the rifles up running them like $3 hookers. As for steel cased ammo, it seemed to wear out extractors a little sooner but for the price of a spare and the service life you still get, it was negligible. If you keep your rifle reasonably cool I could see you getting decent life out of the barrel. But it will need replacement sooner than a rifle fed copper jacketed ammo.
*edit* found it
h ttp://www.luckygunner.com/labs/brass-vs-steel-cased-ammo/
And to add, a 7.62 bore is far more resistant to bimetal jackets for multiple reasons. The land width is much greater than that of .223, bore surface area is greater, velocity is lower etc. This is why an X39 rifle can take a hammering of bimetal ammo that would ream your .223 out to a smoothbore, and still have nice sharp rifling.
They also shot those things till they were damn near on fire and the hotter metal get the softer it is and eventually the steel jackets become comparatively harder then the barrel steel and wear it out much more. Now the real question is how hot do you let your rifle get?
In reality with the amount you save from shooting steel cased you can pretty much afford to buy a new rifle.