Also, there's a 50%? margin built in to the rifle as shown in proofing, correct?
As a standard? Doubt the requirement is as high as 50%, but I'll bet the Savage 99 has at least that. How many 99's have ever been seen where the receiver or barrel has completely exploded? I think I recall three 99's with split barrels, but the split on all of them starts about halfway down from the receiver.
And from the 1900 catalog when they were doing 30-30 class rifles with a max PSI of 42,000:
"The steel used in the Savage rifle barrels is of the finest possible quality. Every batch, technically known as a "heat", is tested by the Government tester at Watertown Arsenal. The tensile strength averages 115,000 pounds to the square inch, and the elastic limit 75,000 pounds to the square inch. The steel is manufactured by the well-known firm of Spaulding & Jennings of Jersey City, N.J., who supply large quantities to the United States Government for rifle barrels."