You can resize the .45 in .454 dies and probably SEAT (but not crimp) bullets in the .45 using .454 dies, but the .45 won't be able to reach the crimping part of the .454 dies because the case is shorter. Conversely, as noted above, you can use the .45 die for any procedure on the .454. I'm guessing that you would need dies with longer bodies to be able to seat and crimp the new .460.