Yes there may be some lead vapor in the air if you pour molten lead alloys into molten aluminum. It will quickly turn to a lead dust because the boiling point of Lead is over 3180 degrees Fahrenheit. Cast Iron melts at about 2500F. BTW the boiling point of any liquid is defined as when it's vapor pressure is the same as atmospheric pressure. All liquids have the ability to give off some gas or vapor, which is called it's vapor pressure. Common sense dictates this work be done outdoors, and with good ventilation. A good dust mask will keep you safe. Don't eat , drink, or smoke until you have changed your clothes and had a shower.
Pure Lead does give a thud when hit, while most alloys are stiffer and may ring a little more when hit. You can scratch pure Lead with your fingernail, but it gets hard to do with added Tin and Antimony
Shootall, did you get wiping lead mixed up with virgin lead? You want a lower temperature lead alloy or solder to wipe with. Alloys have a lower melting point than the pure stuff. Pure soft Lead melts at 621F while 50/50 solder melts at 421F while 63 tin /37 lead is 361F. Alloys almost always melt at a lower temperature than the pure metals. You're a good man if you can wipe a Lead joint with pure Lead, without melting the original material. I always thought you used pure lead in oakum pipe joints, because it was softer, but just about any scrap that will melt will work in an oakum poured cast iron joint, but you risk breaking the iron pipe when you hammer the Lead to expand the joint. A lot of scrap lead with solder finds it's way into the melting pot. If you don't hammer it in it may leak. I may be wrong, but I'm curious.