I've seen a few youtube videos of 223 being cast, powder coated, and shot without gas checks. Recovered bullets from the backstop show the PC is still intact over the whole bullet. It also shows no signs on the tail end of the bullet of the powder melting the bullet at all. The poster of the video claims no barrel leading, decent accuracy, and impressive velocities.
Before I invest in 223 moulds and try this, anyone care to put in their 2 cents?