Don't see why it wouldn't work. Where a rifle might be left loaded for some time, many people use a dry patch and ball combo for the first shot in a smooth, clean barrel. You might want to check the POI to see if it is close to the second shot with a lubed patch. There are as many lubes as there are shooters. To my way of thinking beeswax wouldn't be on the list for a roundball patch lube ingredient.
Never did think beeswax was a lube in itself.It is a vehicle for carrying
known lubricants of varying types.I use (for bullets)an equal amount of
Beeswax-Crisco-Mutton Tallow.This brew was what I used in my Alex
Henry barreled Whitworth for 11 years with no leading and superb accuracy
at all ranges. It was also and still is my lube for hot handgun loads.
On round ball loads for target shooting I used a TIGHT ball and a patch
made for cleaning an M1 Garand soaked in Black Solve,a concentrate
that looked like anti freeze.It came in a small bottle and would make
a quart that felt oily on my fingers.I don't recall ever hunting with a
round ball gun but did use an Enfield carbine with 58 caliber hollow
base bullets and the above mentioned lube.It worked well on wild
dogs.
Bob Roller