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To my thinking, the Casull's primary advantage is that it can do most of the 45-70's chores, along with the ability to use .45 Colt loads for light work.
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True, and due to the wide range of loadings available for the .45/70, it has a similar capability.
You can buy 45/70 loadings as light as a 405gr bullet at 1100fps all the way up to the same bullet weight at 2000fps.