I didn't know that my new little toy was a copy of an actual old gun!
http://www.thehighroad.org/showthread.php?t=419335
I've chronographed over 800 FPS using a lead BB with patch and 209 primers, it will go through 3/8" plywood. It's rifled, which, considering that there is no rear sight, seems a waste of effort to me. In addition, using a carefully held rest and a notch in the swivel plate for a rear sight it's far from making what I'd call groups.
BTW, for anyone who has one of the Pedersoli's, the secret is in removing the bleed insert just forward of the chamber, it has a hole about .015" in diameter (Guessing) and with that in place the BB's barely made it across the room.