Flatsguide, It's just the differences in how we like to load and shoot. I don't consider 70 grains of 3f to be reduced in the .58. In my head it's moderate. I built it when my eyes were many years younger. It's sighted in to be 2" high at 50 yards, and at 100 yards it's 3" low. But after that it does drop like... well, like a lead ball. At 150 yards it's a full 18" low. Actual experience tells me that with that load, within 100 yards, that 270 grain lead ball is a thumper.
I don't hunt elk any more, just deer. Never took an elk with the gun though. Now my main gun is a .50; and in that I shoot 65 grains of 3f, which I consider to be on the high end of moderate for the .50. My eyes are older now, so it's sighted in to be on at 50 yards. I won't shoot at anything over 60 yards without a rest, and 100 yards is too far for me to be shooting at game no matter what. I've only taken five deer with my flintlocks; and the furthest was 60 yards. With a rest.
I built my first flintlock over 40 years ago, and that's what works for me. Having said that, I have a buddy who shoots 80 grains of 2f in his .50. He's taken 3 elk with the gun, all of them one shot kills. Some years ago I was acquainted with a gentleman who did like 110 grains of 2f in his .58. He was an experienced hunter and a good shot, and that's what worked for him.
I learned a long time ago, to ignore paper ballistics when it comes to black powder and round balls. Fast or slow, those round globs of lead pack a lot of inertia.