A long rifle? I would not, but for safety reasons. I'd use an A-weight swamped barrel. I spent a lot of time on a very fancy rifle with a 13/16" straight barrel. I feel like I wasted my time now. After owning rifles with swamped barrels I find them much better visually and in handling. When you use a very thin barrel the area around the lock does not look correct. You may need to add a spacer between the pan and the barrel. It will look like a patch job. The balance will not feel as good either.
60gr. of 3F would be equivalent to about 70gr. of 2F. The 2F will develop the same speed, but at reduced pressure.The .40 cal. barrel, with .012" deep rifling will have .163" of steel between the bottoms of the rifling grooves and the outside flats, for the distance the groove was opposite the flat in that splitsecond it was in the middle of the flat.Those Indian muskets have .750" bores, with 1.0" OD at the breech. At the front of the plug, even less. With 1" OD and .750" bore, they have .125" between the hole and the OD, at the breech.I've never heard of one blowing up, thus I suspect your .40 on the 3/4" bl. might be OK, but not for me. I prefer more weight of barrel, personally.
What solder and flux did you use?