As to which lead to use, you need to see what works best in YOUR Smith and YOUR Henry. It will take some experimenting to find out.
Many years ago, I had a .30-40 Krag. The only bullets I had on hand for handloading right then (I was a poor cop!) were some .307" flat nose that had been bought for a .30-30 Winchester Model 94. That old Krag would shoot 3/4" 3 shot groups at 100 yards, from the bench.
So, start with what you have on hand. When you find a load combination that works, then concentrate on marksmanship.
Gil Davis Tercenio
# 3020V
34th Battalion, Virginia Cavalry
Great, great grandson of Cpl Elijah S Davis, Co I, 6th Alabama Inf CSA
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