Ian long ago I spent a lot of time looking at all of the new nontoxic shot . Bismuth was all the rave at 110% the weight of lead per pellet , the down side was that it was brittle there and it was some discovered that an 1 1/8oz load was only getting about 3/4 oz on the target as the rest was pulverized in the bottom of the wads . Buffering helped but only to about 85% of the shot charge and damaged shot was breaking up on target . The 1st and second generation of Bismuth shot shells really weren't any better than steel except they didn't score the older barrels . Bumping up the tin , if memory serves me , to 20% fixed the break up of the shot and made it 99% safe in all modern guns but they paid for it in weight loss . Pellet weights were something like 96% of lead . So the trap snobs with the fancy plated shot were breaking even for stuff like nickle plated and copper plated chilled shot and the Bismuth . By then there were 2 tungsten shots available wads and load data available to drive steel one size bigger to 1500 fps and loads on the shelf over 1400 fps in 5,4,3,2,1,BB,and BBB under $16 a box .
I've seen some in the field but not much .
They makers finally settled on the 19% tin for 96% of lead and the additional speed available from new powder , case and wad design more than makes up the difference . I would think that if the shot will stand the sloppy crush movement at launch and the smash down from .710 to .690 at 1380+ it should work with a gas check . Falling back on slow , long rise ,long push powders and soft primers sneaking up on it I don't see why we can't 90+ of lead performance out of it . Target performance may be something of a challenge .
I don't like copper bullets , I don't have a reason really , long for weight maybe , but I always thought that swaged copper shot should have been the answer but it has to do with the copper break down making acids ......maybe in salt marsh but I'm not the chemistry guy I'm the wrench , file , and drill press guy .