I've fired 110 FMJ and soft points from my 30-30 94 some years ago. Yes, the velocity is pretty fast; according to my load book, around 2700 fps, however, I doubt you'll get the same accuracy or long distance shooting you can with 125's or 150's.
As mentioned above, be wary of shooting such bullets in a tubular magazine. I fed my 94 one at a time when I did this for two reasons. 1st, the possibility of multi-ignitions in a tube magazine. 2nd, with 110g FMJ, there is no cannelure and even though I was able to crimp my bullets pretty well, the recoil might be enough to push the bullets into the case (similar to folding a telescope). If the bullets get crammed in each case, excess pressure can develop.
There are so many bullets available in 30 cal, my advice is to just stick with the ones made for tubular magazines when loading for the 94. If you're interested in experimenting, get yourself a single shot H&R or Thompson Contender and you can experiment all you want with the 30-30. You'd be amazed at the performance of this cartridge when loaded for a 14" Contender barrel. At 100 yards, I can outshoot my 94 with that little pistol.