Howdy, Doody!
Yes, you can separate the alloy into it's lead and tin compoents fairly easily. However, it will not work well with Lino-type alloys.
You melt the alloy and let it SIT undisturbed for say, half an hour. The tin (bluish film or "skin"), being lighter, will float to the upper portion of the pot. You carefully ladle out maybe a third of the pot and set it aside for re-melting.
Continue to melt, WITHOUT FLUXING OR STIRRING! Wait another 20-30 minutes, and ladle out another third and set aside.
Each time you do this, you remove maybe 3-5% of the total tin (it's lighter than Pb or Sb). You can not remove all of the tin, but doing this repeatedly will get much of it out, so that what is left can be used for BP loading.
I've found this method to not work with Linotype alloys because of the higher % of Sn and Sb. Something about the particular % making the crystal latices stay together.
HTH
John