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Babbit is used in large bearings usually. As Bill said there are MANY recipes for babbit, I used tin and copper babbit to cast bullets and fishing sinkers when I worked in the steel mill. IF you can't afford ananalysis of the stuff you CAN melt a small sample in a separate pot. Cast a few bullets using a cheap mold that can be replaced and weigh them, check for fill out and roundness and hardness. If things go all right you can start producing bullets that you need from the babbit. All you will lose is an old pot and a cheap mold IF things go wrong!! I can't even guess how much "MYSTERY METAL" i've made bullets from.Some of those bullets were VERY accurate,many were just plinking slugs!
This babbit came from a retired steam pipe fitter.Cheese