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Having made 300 Webley cases out of Starline Schoefield brass, the answer is "yes".
You can buy .455 brass now (or you could a while ago, maybe it was only a small run), but that wasn't an option when I did this five years ago or whatever.
The other reason I did this is that the chambers in my Webley (and probably all the others), are really, really long. So I trimmed the Schoefield brass back until it would just easily drop into all cylinders. Going on 100% memory here, I think that was .995" - considerably longer than Webley trim-to-length specs. I had to make the brass anyway (too cheap to buy expensive Fiocci ammo and shoot it for the brass), so I figured having brass that got the bullets up towards the end of the chambers couldn't hurt. I know shooting target loads in Distinguished revolvers doesn't seem to favour using a .357 case over a .38 case when the revolver in question is a .357, so I suppose I should have trimmed some to "normal" dimensions and then used them as a control to see if it made any difference.