May or may not be a problem. The .30-40 Krag shot a 200 grain bullet and the .30-03 shot a 220 grain bullet. (.30-06 was developed when the switch to 150 grain Spitzer was made.) Both the Krag and .30-03 bullets, however, were round nose, so they were short compared, at the other extreme, a 220 grain VLD.
Folks easily forget that it is bullet length that primarily determines how much twist it will need. The more weight you cram into its length, the less twist you need, but only in proportion to the square root of that mass, where the proportion is directly related to length. You see this in the full version of the old
Greenhill formula (here you see length in the denominator because the twist unit is expressed as pitch, which is in unit length/turn, rather than as twist, which is in turns/unit length, and which would require Greenhill to be rearranged to put length the numerator).
So, whether the keyhole meant there is a gun problem or if it were simply due to an over-long bullet, or a normally long bullet combined with inadequate velocity (another factor that reduces required spin), I can't say.
Paul B.,
The burn rate discrepancy will be due to the fact the surplus IMR 4895 Hodgdon bought (the way he started his business) was bulk grade powder. If you look at National Match loads of IMR 4895 bulk powder, you find they varied from 46.0 grains to 48.5 grains between 1961 and 1966, with the lighter loads actually producing higher tested velocities (the tolerances allow a 60 fps span, IIRC). The burn rates of the bulk grades of powder used during those years clearly varied a good bit, and Hodgdon's purchase must have been powder on the faster end of the range.
The powders developed for the reloading market specifically, are called canister grade powders. They go through additional testing and adjusting to make the burn rate more consistent and closer to the powder type's nominal value. This is necessary because handloaders don't typically own pressure testing equipment to adjust their charge weights with, where commercial loaders of new ammunition do. The tighter burn rate tolerance is needed for load manual recipes to remain valid. Bulk powder burn rates vary too much for that to work, but they cost less to produce.