Many of the earlier conversions had barrel liners inside old bored out .58 cal. rifled muskets. Bore diameter in these varried quite a bit. Even when new barrels were made, the bore diameter was often not to specs. With that said, I would suggest to slug your bore and find its true diameter, and then go with a sized round .001" or .002" over groove diameter. A chamber casting may be in order as well to determine if the chamber is undersized compared to the bore. This will tell you if you will have a conflict with the chambe v.s. the bore. It's not likely, but it has happened a few times. Measurements are a lot cheaper than breaking something.
You mentioned that the bullet is .518". Is that being loaded unsized? That might be a tad too large for your piece. Do check the bore diameter and be sure before you venture off the charts so to speak...
Had an old Remington Rolling Block that was a 45-70, but it miked out to be .462". That made for some difficult loading with conventional dies. So I sized the cast bullet accordingly and used the fire formed cases by simply pressing the sized round into the unsized case. Since it was a singleshot, no crimp was needed, and it fired as well as it could be expected with this arrangement. It was a tight fit in the chamber, but it worked. You may be able to do the same here.
Good luck with this fine old piece of history. Hope that some of this helped...
Wade