The current policy is that models of professionally designed guns are OK if the same proportions are used. In this case, we are taking a bronze gun and reproducing it in cast iron with a steel liner. The cast iron is more brittle than bronze, but the steel liner somewhat makes up for that. The chamber of a real one is 3.34" diameter, a little larger than your chamber area.
Personally, I would lower your charge from 7 oz to 6 oz (2 oz per inch) and proceed. But you should inspect the inside of the barrel after cleaning it after every firing session just to be sure.