Sixgun,
Those hard case extractions and separations you described are definite indications of excessive headspace. You can get away with shooting mild loads in a pistol caliber lever rifle with slightly excessive heaspace because the straight case stretches a little when fired. With mild chamber pressures, the case chamber wall "cling" is light. With higher magnum pressures, case wall cling is greater, resulting in the stretched and cracked case.
There isn't much you can do to fix the excessive headspace in the M92 design except to set the barrel back and re-chamber. A new breech block may help. Better yet, avoid firing hot magnum loads in your rifle.
Back in the 1960's and 1970's, before they became choice collectibles, lots of original M1892 Winchesters were converted from .25-20/.32-20 to .357 Magnum and from .38-40/.44-40 to .44 Magnum. It was fairly common to encounter stretched frames, excessive headspace, and swollen chambers from firing hot handloads. The modern Browning and Rossi reproduction M92's are made of better quality steel and shouldn't have these problems.