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As with anything in life, you can do anything you want, right or wrong. Many years ago when I started loading I played around with some very hot loads, but I was one of the lucky ones, I never blew anything up. I like to use Elmer Keith as an example. He was very famous for the work he did in reloading, shooting and casting; something else he was also known for was destroying some nice guns, with over pressure loads.
I would strongly advice staying within current published load data. Over the years I have found two things to be fact. One my most accurate loads are not max loads, and with fact one in mind, why waste components and beat up a gun on sub-pare loads.
I am not saying there is no place for the hot loads; some competition and hunting loads are near max. But in shooting a 70-year-old M1, I would take it easy on the old boy. And yes the deeper you seat the bullet the more you increase the pressure.
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