.303 British projectile??

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Cheap Speer or Remington up to 220 grains that were .311-.312 were just as good as the expensive ones in my two SMLE's. I used to shoot a lot of the Remington 170 grain FP Core Lokt made for the 32 SPL. They were actually fairly accurate, worked better than they did in my WIN 32 SPL lever.
You used to be able to get cheap FMJ that were made for loading 7.62X54 ammo from russian sources.
 
Lyman314299 with Red Dot, or any copper jacketed ones will do (go with what you can find), last ones I shot well were 125 grain SST, with a lighter charge of H4895. I like reduced loads in a bolt gun... I like reduced loads in everything anymore...

Edit~~~~~~~~~H4895 is the only slow burning powder I am comfortable reducing the charge on below minimum listed...I do not recommend YOU going below listed minimum charge, there are hazards.

Low Recoil Loads | Hodgdon (hodgdonreloading.com)


also, you have a VERY nice looking rifle.
 
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The advice above is very good. Only thing I'll add is, avoid boat-tail bullets. They don't tend to seal or stabilize well with Enfield rifling and won't be very accurate. Hollow or flat base bullets always delivered the best accuracy for me. And use gas checks for lead unless they are hollow base and fairly hard (Linotype or Alloy#2). Also, your No.1 should have five-groove Enfield-type rifling, was used mostly with Cordite, which tends to erode chamber throats, and corrosive priming, and was was probably cleaned most of its life with kettle water and a pull-through barrel cord with a wire-mesh scraper loop. That combination tends to leave the bore - especially throat and muzzle - fairly bad off - after more than 100 years of service. If you were 100 years old, and had been fed a steady diet of hard-to-digest food, worked hard day-in and day-out, then had your innards scraped and boiled regularly, you'd be pretty wore out, too.

If the chamber throat is badly eroded, or if the bore is smooth and frosty from salt exposure, scraping, years of corrosion, consider using a hollow-base lead .312" pistol bullet at lower velocity (under 1000fps) and use the rifle for targets only. Alliant 2400, IMR 4227, Unique, and powders in that burn range work pretty well. So does Ed Harris' "The Load" - 13gr. Red Dot under a 150gr. lead round nose. A frosty bore won't be bothered by lead. If it's badly pitted, use .32 caliber pistol heavy weight (115gr. +) jacketed bullets, like Frogo said.
 
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Most accurate is the discontinued Hornady 174gr BTHP .312” bullet as sold by Grafs. Secondly, the 180gr PPU 180gr SPTBT.
Now that the 174gr Hornady is discontinued, I’ll use the 150gr .312” Spt. IF using Jacketed.

However, a 200gr cast bullet powder coated can be run to full .303 speed, so that’s what I’m doing now. A NOE .314299 gets it done without a $$ gascheck.
 
I haven't had any problems with boattails in my long branch, it shoots the heavy hornady very well. Could be the 5 grove left twist barrel, it's a new one so still tight.
 
My go to for the p14 enfield, is 180gr sierra pro hunter, over blc. It is just about 1" @ 100 yrs accurate and cronos in the 2450 fps range. Cant ask for anytging more than that!
Beware of the brass look in it with a flashlight and make sure they are boxer primers!
 
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