I have had a 20-inch stainless M92 in .454 since 2007 and I love it! I have 334 rounds of mostly full-power ammo through it. It feeds cowboy action .45s, full-power .45 Colts, and a variety of .454s. The only thing it won't feed is CorBon 325 gr cast .454. I think it's too long to feed from the magazine. I can single-feed that round, but it's a beast!
The 300gr Hornady is my favorite load. It cycles smooth and clocks at 2000 fps from the 20 inch tube. The Win Partition Gold 260 gr load chrono'd at 2300! It's pretty snappy though.
I have mostly loaded 250 and 300 grain XTPs and Gold Dots to 1800 fps. They are fun to shoot!! They are clearly above the .44 Mag power range, but pleasant enough to shoot a whole box -- much less recoil that a 12 ga. pump.
I have been using AA #9 and a little Titegroup (for 1500 fps loads), but the Titegroup leaves burn marks on the brass, so I wonder if it's not fully obturating. I'm starting some new loads with IMR-4227. It's a good bit slower, so it should be more efficient in the longer barrel. Theoretically, it could make the recoil more of a "push" than "snap."
I haven't been able to shoot a lead bullet out of it that will fly straight (7 to 8 inch groups at 50yds), but I have gotten some decent groups with JHPs. Two-inch 5-shot groups at 50 yards is the norm. This week I shot a 5-shot 3-inch group at 100 yards with 250 XTPs, but that is my best so far. 5-inches has been more usual as I have been looking for an accurate handload.
I ring some steel at 150 yards, but there is about an 18-inch drop! I consider it my 100 yard hunter, max. The main disadvantage to accurate shooting is the hi-viz sights. There's just no getting a sharp sight picture. Nevertheless, they would be in their own inside 75 yards on medium game in the brush.
I can't imagine I'll ever sell this one. A handy, reliable little stick at a diminutive 6 1/2 pounds that can kill just about anything in N. America is a keeper.
And it has decent trigger with a light pull to boot.
Good shooting,
JR