It is a cool sport. We are pretty close friends of Tammy Billinsley's family. She is the current reigning 2-time World Champion.
http://tammybillingsley.com/ Grits for he projectile and Blue dot for powder... Haven't tried it, but this is what I have heard about, with a short stack of card stock wads and a waxed top wad, roll crimped. Not sure the load in grains.... A little trial and error?