I have not done much of this with my 458 yet. There is no reason it shouldn't be quite accurate with reduced loads. With the straight case and minimal powder space for type, it's a better cartridge design for reduced loads than many of the other big bores.
Any maximum load for the 45-70 in modern rifles will work as a reduced load in the 458. Nitro for BP loads in the 45-70 may require fillers in the 458.