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"If guns are outlawed...only outlaws will have guns!
Since I just wanted a mild paper punching load for 25 yards, I used 700X powder.
In my Ruger with a 8&1/2 inch barrel I got:
4.0 gr --- 1100 fps
5.2 gr --- 1300 fps
6.2 gr --- 1500 fps
All of these seemed very mild.
As to case forming, Nickle plated cases just crack and or wrinkle.
Brass cases can be formed, but I use the trim die that was included with the used gun and die set. Stopping and relubeing 2 or 3 times as the case is necked down helps. Even then many of the cases split at the shoulder when fired. I suppose I should anneal the cases after (or before?) forming, but I haven't bothered yet so I don't know how much that would help.
JerryO
I've always wanted one of those Marlin Model 62's in .256. Found a nice one in .30 carbine, but that caliber just isn't as adaptable for the kind of shooting I'd want to do with it. Had a Marlin Model 57, which is the same basic action, in .22RF many years ago, and it was a fine gun which I never should have sold.
The .256 can likely be formed without much trouble from .357 Magnum brass, most especially if you start with virgin, unplated brass. Brass which has been fired a few times may give you trouble due to work-hardening, and nickel brass would also be harder to form. In my experience, annealling is tricky, at best, and should be avoided if you can find reasonably ductile brass to start with.
Think of the .256 as a .25/20 on steroids. The .25/20 has the .32/20 as its parent cartridge. I'm guessing case capacity to be 10 to 15% greater with the .256, so you can achieve .25/20 ballistics at lower pressures or a modest increase in performance at similar pressures. I can't say what a safe pressure would be in the Marlin, but both the .256 and the .30 carbine are fairly high pressure cartridges under SAMMI specs.
With my .25/20, so far the best groups have come with Speer 75 grain flat points.
By all means, buy this gun!