I had forgotten about powder metals.
That might get you where you want to be. ...But it would be a frangible bullet, rather than an expanding bullet.
The same thing would come from a shot-filled bullet (like Glaser "Safety Slugs") - explosive expansion and fragmentation.
Even if you were okay with a frangible bullet, that's a really steep price to pay for an experiment. I'd say it would be a minimum of three dies, plus a press and materials. And you'd probably need an oven to sinter the powdered metal. So ...$2,500 or so, just to get your foot in the door?
Swaging seems much simpler than casting.
It's all in how you look at the processes.
Swaging involves trying to keep everything impeccably clean and consistent, all the time.
Clean jackets. Clean cores. Clean dies. Clean punches. Consistent jackets. Consistent cores.
There's a lot of boiling, wiping, and weighing.
And, for many operations, you need to be working with annealed jackets.
For bonding, you are working with acids and ovens.
If you don't anneal, the jackets fold or crack.
If you don't keep things clean, the bullets are sub-par and/or you mess up your custom die (or two, or three).
And if you don't bond correctly, you make one heck of a mess (and bullets that are worthless).
In contrast, casting is more about maintaining alloys, managing heat, and figuring out what process creates the ideal bullet for X situation in Y gun with Z load. And then there are all of the messy lube processes... None of them are clean. Whether it's sticky Alox/X-lox, wax-based lubes, lard-based lubes, powder-coating, epoxy-coating, or something else, every process has at least one messy (or potentially messy) operation.
I "
redneck swage"** and cast. Both have their places, and I believe they go hand-in-hand. But that's mostly due to my own preferences for jacketed bullets in some situations (or certain rifles) and cast bullets in other situations. ...And the fact that most of the cores for my swaged bullets start life in the casting pot.
**(My process has evolved a bit, I no longer do any bonding, and my last lot of bullets was made with lead wire - cut with a home-made core cutter. But the basic process and equipment in that thread still apply.)