Can I replace the bullets and powder with reliability with the steel cases? I have 3-4K rounds of 5.56 and 1k 7.62, would like to pull the bullets and powder and replace with 4895 and SMK's.
An old practice, replacing military style bullets with hunting bullets. Search 30 caliber handloading after WWII
Steel cases CAN be resized and reused just like brass, although they have a shorter service life and are harder on cutting tools used in the handloading process. I'd recommend carbide cutting tools when reloading.
Can I store the powder and use it metered at a later time to the same charge with surplus fmjs in the same weight for plinking in my brass cases if I ever run low on components? I live in Alaska and powder and primers are expensive.
Well, you could, but you have no idea what it is. Thats potentially dangerous. You have no idea how old the powder is, and therefore how it degrades, exactly what processes and projectile combinations were used to achieve safe operating pressure, etc.
However, Im realistic, and I know the stool you are sitting on. Warnings given and heeded, right ?
If your plan was to note the cartridge, the bullet weight, the powder charge, and then to "mexi match" the components back together at a later date due to pressing reason.... Take good notes. People "meximatch" milsurp loads from time to time for consistency, and thats essentially exactly what you'd be doing. I wouldn't get in to substituting "this for that" all willy nilly with that stash however....i'd keep it packaged and labeled for direct reassembly in dire circumstances.