SAAMI specs
The SAAMI specs for the cartrdige and chamber dimensions on the 454 Casull and the 45 Colt are NOT the same! (Lenght aside.) Both cartridges have the same nominal diameters, but the tolerances are different. The 454 has much tighter tolerances. This is why a 45 Colt sizing die is not guranteed to size the case down enough to fit the 454 chamber. probably most 45 Colt dies will, but there are a few out there that don't.
The SAAMI 454 Casull chamber is SMALLER in diameter than the 45 Colt chamber. This means a case on the large end of the 45 Colt tolerance range will not chamber. The large tolerances and large chamber for the 45 Colt are a hang over from the old black powder days when you had to leave room for the crud buildup.
This becomes quite noticable with cast bullets which usually run a tad larger than jacketed bullets. After loading cast bullets in 454 cases we found they would not chamber and had to be run through the sizer again, bullet and all.
As mentioned above, for full house loads, the crimp is different.
Also, some jacketed bullets, meant for the 45 Colt, will, when used with full house loads in the 454, deform too much under the high pressure and get rough with the forcing cone causing premature wear. Part of the reason the 454 factory ammo is so pricey is the premium bullets they are using.