Update:
Here is the response I got from the president of Henry arms via email:
High Pressure Cartridges and the strength of the brass receiver
Q. Can the Henry Big Boy withstand high pressure loads and should I have any concerns about the strength of the brass receiver?
A. The Henry Big Boy receiver is composed of a special material that is chill cast, heat treated and machined in such a way as to have the same tensile and yield strength as steel. There are no issues whatsoever as far as the durability and its ability to withstand high pressure rounds such as those made by CorBon and Buffalo. The rounds made by CorBon and Buffalo, or any other brand, must be made to what is called SAAMI (sammy) specifications in order to cycle properly. The SAAMI specifications relate to the overall cartridge dimensions. Most rounds made by CorBon and Buffalo we are told are made to SAAMI. Consult with the manufacturer to be certain.