Typically, a .504" groove diameter would have a .496" bore diameter. In around .50 cal., rifling of .005" would be normal, thus giving a bore size of .494". None of these measurements is typical for a .50 cal. barrel. if the obre is .500", which is typlical, and the groove depth is .504"- that measne the grooves are only .002" deep - which is NOT typical either, unless you're talking .17 cal. or smaller, ie: .12 to .14 cal.
What is good, is the 24" twist. That twist in .50 cal. will properly stabilize bullets to 600gr. - accurately. Sharps .50's had twists in the 36" range, a ite slow for long bullets, but OK out to about 400yards with bullets less than 2 calibres long, ie: to 450gr.
The Italian guns noted are .45 cal. Hostroically, black powder guns, ie; ctg. guns, in .45 cal. typlically have twist rates from 18" to 22", depending on the gun make.
The correct bore size must be found by you by measuring it. A soft lead slug (don't use WW metal) and calipers are necessary. Slug the plug up in the barrel, push it out and measure the groove to groove on the slug. The major diameter (land to land) on the lead slug itself is the actual rifling groove to groove measurement, which is the larger measurement.
To obtain a proper mould, you should measure the bore and mic the slug.
.504" rings a bell with me because TC sold maxiball moulds claiming them to be .504" in diameter on the top band. Perhaps this is Doc's method of telling you to shoot a maxiball.
I've never heard of a .50 cal slug barrel measureing anything but .50 on the lands, and from .510" to .515" groove to groove.
This is not a round ball barrel. Too, round ball guns are not noted as being long range rifles- that's the first indication this is a gun for shooting slugs. Best stock upon $80.00 platinum lined nipples. The slug guns can go through them quickly.