I read some declassified papers a while ago, where the US military in the sixties had copied various Soviet Union missile designs, based on pictures from Soviet military parades on The Red Square.
The designs were then tested in wind tunnels and were found to be quite effective, though sometimes odd looking. A test was also made on the design of the Vostok landing module - which is basically a truncated sphere - and it proved to be remarkable steady due to the center of mass being moved forward.
A truncated full bore lead ball would weigh about one ounce - depending on how much "trunc" it has - and should remain stable in flight if fired from a cylinder barrel.
The ball could be made a tad overbore to ensure a tight fit throughout the journey down the barrel (it wouldn't take much force for the forcing cone to swage it to size)
The flat base would probably work great on top of a felt wad, sandwiched between two x12x seals.
I promised myself I would stop with the slug-mania and concentrate on more important stuff, but I must admit - it could be interesting...