I suppose you guys would like some results, huh?!?
Ballisti-Cast 931 125 grain RN
1.110"
5.0 grains Ramshot Silhouette
Speer once fired nickel plated brass
CCI 500 SPP

The cartridge on the left has the bullet powdercoated with Sherwin Williams Mirror Black #2, the cartridge on the right has the bullet lubricated with White Label Lube's Carnauba Red. I loaded 10 rounds of each. Normally, I can load this bullet to 1.125", but the dimensional difference in coatings required a shorter OAL. To keep the tests as apples to apples as I could, I loaded both to the same reduced OAL.
I packed up my wife's Duo Tone 75B for the Duo Tone bullet test and headed to the farm. It seemed like the most appropriate firearm in the stable for this test.
Chrono ResultsStandard Lube
Avg 1,145 fps
SD 11.6 fps
ES 37 fps
Powdercoat
Avg 1,125 fps
SD 9.0 fps
ES 34 fps
So the Powdercoat is losing 20 fps. SD and ES are on par with standard lube (maybe a little better even).
How did it act in the barrel?After shooting the conventionally lubricated bullets, there was a slight gray haze in the barrel. This is not leading, but antimonial wash from the antimony in the lead alloy. It came out with one push of a brass brush. The bore was clean and shiny, which is typical of Carnauba Red.

After shooting the PC bullets, I pulled the barrel and inspected the bore. There was a light blackish fouling in the barrel. Just like the fouling from the lead bullet, it came out with a single push of a bronze brush. Again, this wasn't scrubbing. It was a single push in and a single pull out.


Smoke? Nonexistent. I didn't notice it at all, but there was also a 20 mile per hour sidewind.
So now we're down to the big question...accuracy. I have two targets from today, but I don't think they are truly representative. I don't want to make a claim one way or the other without more testing. I'm sorry if this is a letdown to some, but I don't want to create bias one way or another. I'm trying to stay as neutral as I can during testing. I think it would be a disservice to forum members to produce a conclusion based on 20 rounds.
So what's next? I'm going to load more rounds and do a little more testing. Mainly for accuracy and fouling.
I'll post my results as I get them.