1: don't mix brass between 2 rifles. Headspace is different, As are other chamber dimensions. If you must, use a small base die when resizing. Try chavering an empty sized case, if there is resistance, there is something wrong with your resizing,
2: bullet seating- I've done it a few ways, but the bestest, easiest, most accurate way is with a Stoney point guage(now Hornady, I think). You can make your own version for fairly cheap if you can thread tubing and d&t a case.(a friend of mine made one up for me for use in Schmidt-Rubins which Hornady doesn't make a case guage for. When you use these gauges, put the butt of the rifle on a bench or table and slowly push bullet until you feel resistance, then stop. You can pretty easily force the bullet to engave on the rifling and throw off your measurement if you push too hard. SMKs are tangent I give bullets and aren't usually too sensitive to seating length as secant or Vlds. Start 0.010 off the lands, and try increments 0.030"apart until you find a sweet spot then narrow down further if you like. You should use a bullet ogive comparator for measuring oal and setting up your seating die, but SMKs are pretty consistant and you can get away without one.
3. Resizing: do use a cartridge headspace guage to set up your resizing die for your M1(or AR-15, or M14), sizing the case too long can give you a slam fire, too short and you risk case head separation. My M1 has a tight headspace and isn't a problem, but I've also reloaded for AR-15s where the cases grew by 0.007"! You want to bump the case shoulder back 0.001" and make sure it chambers freely, if not, take it back another 0.001". I don't think lee has this issue with their instructions, but RCBS definitely does- never simply set a sizing die to 'cam over' per instructions and call it good enough.
Your load sounds about right- 45-46gr 4895 or 47-48gr of 4064 with a 168 SMK usually shoots great in all rifles, though you are limiting yourself to 'safe' M1 loads.
I would go with a slower powder like 4350 for the bolt rifle for more velocity. Just my humble opinion.
Source: my 20+years of reloading in 40+ different rifles.
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