Absolutely. .35 or .375 on a blown-out .303 or .30/40 case, or larger - a .405Win. , .45/70 & Winchester's .45/90 as well.
I'm pretty sure a #4 would make a great .50 Alaskan too.
With the .405, the #1 Mk 3 should be just fine to 46,000psi (SAAMI standard for the round). I would keep .45/70's and 90's down to 40,000psi, but that should prove more than needed.
Article I once read about converting to .45/90, the fellow kept bullets to 350gr. Hornady and the lighter 300gr. Nosler Partition. He put slips of delrin (or nylon)in the magazine to convert it to single stack. This worked perfectly, for him.
That was back in the late 70's, maybe early 80's but I cannot remember which magazine- could have been Rifle/Handloader, Shooting Times or Guns & Ammo).