A box I saw of old (1920's) FA ball said 230 grains and 825 fps and states that is was loaded with Bullseye powder. The newer military tech manuals say 234 grains and 885 fps +/-25 fps, as measured at 25.5 feet from the muzzle. That would be about 889 fps at 15 feet from the muzzle, the standard SAAMI distance. The old load was roughly 350 ft-lbs (347 if you are picky), like commercial hardball usually is, vs. the more modern load at 400 ft-lbs. I suspect the change was made because that brought 1911 ball up to the muzzle energy of 9 mm 115 grain ball.
The modern military load uses a nominal 5 grains of SR 7970, a powder I've not seen available as new powder on the civilian market. 5 grains of Bullseye is the old standby that gets you to the 850 fps range. However, according to their load manual data, Accurate Solo 1000 comes very, very close to the same performance as 7970 and might be the powder to try here.
One thing to keep in mind about the military bullet is that it has a long, elliptical ogive profile, giving it 0.68 inches of length, where most commercial ball is more hemispherical at the tip, so its shorter, with 0.65-.655 being common numbers (Hornady and Sierra, respectively). Most military ball ammo I've measured is about 1.270" COL. So 1.240"-1.245" would give you the same seating depth for the commercial bullets.