Something sounds very funky w/your 10" barrel!! Keyholing standard 55 grn loads sounds seriously wrong!! A friend of mine has one of the 10" / .223 barrels, and it shot quite accurate w/ 50 & 55 grn loads, good enough that we hunted ground squirrels w/it and did well - he NEVER mentioned any load from it keyholing! I've got a 12" Hunter barrel (10 7/8" rifled barrel w/a 1 1/8" muzzle tammer) and shot a 3/4" group w/it @ 100 yards the first time I took it out shooting (the very first kind of ammo I tried in it, a 50 grn handload of my friend w/the 10" barrel).
Bottom line if you like the 10" barrels, send the one you have back to T/C and explain the keyholing, maybe they will just send you a new one?? If T/C won't make the exchange, try a different new barrel, or find an old .22 hornet barrel for a moderate price and send it to someone like SSK or Mike Bel*m for a top notch rechamber job. That's what I would do!
Best of luck, and let us know how it works out....
Del