I went through my old manuals some time back, looking at this very question. Data for both rounds is either identical or 1 (one) grain difference, some had the Jap at 1 gr more as max, some had the Brit in that spot.
I wrote this based on my memory at the time, and have since gone back again and looked, and so I need to further expand/explain my statement.
With some powders and load levels the difference in the data is small but with others it can be 4grains or so at max, which is nearly 10% and therefore something considerable.
However, the "middle range" of the data for both rounds is an overlap. For example, with bullet and powder XXXX, data for the Jap might show 48gr as max and for the Brit show 44gr as max. If you're loading 42gr, so the same in both, that's what I call "overlap".
I've never heard of a problem with squibs (and what the heck is "powder meltdown??) but anything is possible if you're not loading correctly matched components and arms.