I've replaced a couple of T/C, Lyman and Traditions barrels with Green Mountain, as have several friends. I and my friends are all very happy with the improvement. It's been my observation, based on experience with quite a few guns, that I just don't expect the shallow groove factory barrels to group round balls much better than 2-2 1/2" at 50 yards. A Green Mountain will hold one inch easily. If I were in the market for a good rifle for offhand competition I'd pick up a cheap T/C, Lyman or Cabelas pawn shop gun and drop in a Green Mountain barrel. With that I'd feel about as well equipped as anyone on the line.
We tend to speak of the 48" twist as if that were the issue but really it is the very shallow grooves of these button rifled barrels that is the problem for a patched ball. Those grooves of only .004-.005" depth are fine for bullets which expand to full groove diameter on firing but just don't grip a patch like grooves of .010-.014". At one time someone advertised a service to recut T/C 1-48" barrels to deeper grooves. Even T/C, the originator of the "compromise" barrel offered an optional cut rifled 66" twist barrel with .010" grooves for those who wanted a round ball gun. Lyman also went with deeper grooves and a 60" twist in their Great Plains rifle so I am certainly not the only one who has an issue with the standard, shallow groove 1-48 barrels.