Yep, according to this article I stumbled across.
'Safety in bear country protective measures and bullet performance at short range.'
www.fs.fed.us/pnw/pubs/gtr152In the article they do a ballistic comparison between various high powered rifles including the .460Wby, .458WM, .375H&H, .338WM, .300WM, .300Wby, 8mmRM and 45/70 to name a few
Here are some quotes from the article;
"In overall ballistic performance, the .458 ranked
first. Bullet penetration was the deepest
of all the cartridges tested - average
depth, 19 inches. Striking energy was
79 percent of the .460 Weatherby (rank-
ed second), part of which may be attrib-
uted to the extra 10 gr of bullet weight
in the .458. The bullet expanded well
(4.6 times) and retained 82 percent of
the unfired weight. The 510-gr Winches-
ter factory bullets used in the .458 did
not fragment, but the 500-gr bullets of
the .460 Weatherby did. This was the
major reason for the first-place ranking.
Recoil in the 9.4-lb rifle was 54.7 ft-lb or
about 71 percent of that of the .460 in a
rifle that was 1.3 lb heavier. The lesser
recoil in a lighter rifle and better bullet
performance make the .458 Winchester
preferable to the .460 Weatherby. A
short-barreled, bolt-action .458 would
be an excellent rifle for an experienced
rifleman. Shortening the barrel to 22 or
even 20 inches should not reduce ballis-
tic performance much. Any weight re-
duction, however, would increase
recoil."
This is what was written about the .460 Wby which must be noted was loaded to Lott velocities;
The .460 Weatherby Magnum cartridge ranked
second in overall performance. The
large-caliber, heavy bullet at relatively
high velocity had good, but not the deep-
est, penetration. Although the chrono-
graphed velocity did not approach the
advertised velocity, bullet energy ex-
ceeded that of the .458 Winchester by
over 1300 ft-lb. Average retained bullet
weight was 65 percent of the unfired
weight. The bullets had a tendency to
fragment. It appears the high striking
energy exceeded the design limits of
the bullet at the short test range.
Cross-sectional area expansion was
adequate and overall bullet perform-
ance good, but not the best.
The high overall performance of the
.460 Weatherby was obtained in a
heavy-recoiling, 10.7-lb rifle with a
26-inch barrel. The heavy
recoil made it very uncomfortable to shoot.
The stock shape, heavy weight,
and long barrel detract from the utility
of the rifle in the heavy bush of coastal
Alaska. This could be ameliorated if the
rifle were remodeled, but shortening
the barrel to 20 inches would lower
velocity and energy. This might be
beneficial if it also reduced the
tendency of the bullet to fragment;
however, there is little reason to reduce
the .460 if a .458 is available.
A short-barreled .460 would have tre-
mendous muzzle blast, and the recoil
of a .460 Weatherby less than 10 lb in
weight would be so severe that it would
be difficult for the shooter to recover
from the recoil and operate the bolt to
rapidly chamber a second cartridge."
I think the above statement goes to show the importance of premium projectiles in DG calibers.
And finally to sum it up;
"A .458 Winchester Magnum with a 510gn
soft-point bullet. For a shooter who can
handle the recoil of this cartridge, a
bolt-action rifle in .458 Winchester
Magnum is the surest weapon available."
So there you go. Sure, it's an old article but is was done in an unbiased manner and all calibers were fired at the same medium and at the same distance... and the .458 held it's own... just as some of knew it would.
I have no intention of opening up a can of worms in regards to the .458 being better than this or that, but I do believe that the .458WM is now beyond criticism. It now does exactly what it was st out to do and thats to fire a 500gn bullet at 2150 fps. This is what it was designed to do, this is what it does and this is all it needs to do. History has shown time and time again that a 500gn bullet at 2150 fps is absolutely adequate for all that can be hunted. And this it does with no drama's or horror stories that have (rightly or wrongly) plagued this cartridge. It really is all it was meant to be.